In 1965, Ma was born in Shaoxing, Zhejiang province, China. His Father is Baoxing Ma. At age 13, Ma started as an apprentice in the textile industry in China.
In 1989, Ma joined the Shenzhou International Group and served as the manager of the knitting and weaving department. In April 2005, Ma became the acting chairman of Ningbo Shenzhou Knitting Co., Ltd.
As of 2016, Ma is the chairman of Shenzhou International Group Holdings Limited. Ma is ranked #39 in Forbes China Rich List (2016).