The company that would eventually blossom into Alibaba Group Holding Limited was founded on June 28, 1999, by Chinese entrepreneur Jack Ma in Hangzhou, the capital city of China’s Zhejiang province. The plan was to launch an online marketplace that could capitalize on...
Earn It, Entrepreneurship
On September 15, 1983, Jim Sinegal and Jeffrey Brotman opened the first Costco location in Seattle. The concept, a membership-only store that sells goods at a discount, was borrowed from retailer Sol Price and his son, who ran a similar business called Price Club....
Earn It, Entrepreneurship
In 1994, a successful but relatively unknown businessman named Jeff Bezos resigned from his position as senior vice-president of the Wall Street-based hedge fund D.E. Shaw & Co. when he learned that World Wide Web usage was growing at a staggering annual rate of...
Earn It, Entrepreneurship
The COVID-19 pandemic has majorly disrupted offshore manufacturing. Overseas factory closures, a shortage of shipping containers, and labor shortages all came together to create the perfect storm. Now, more than two years into the pandemic, we’re still feeling the...
Earn It, Entrepreneurship, Money
In order to make money, movie theaters must do more than show entertaining movies. They also have to differentiate themselves from their competitors who are generally showing the same movies. As such, it’s no surprise that cinemas have evolved at a rapid clip,...
Earn It, Entrepreneurship
