Chinese Billionaire Jack Ma of Alibaba Group Ltd will retire from his position as the Company's co-founder and executive chairman since Sept. 10th 2018
Friday, September 07, 2018
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| Jack Ma, founder of Chinese e-commerce giant Alibaba, gestures during the launch of Alibaba's office in Kuala Lumpur, Malaysia June 18, 2018. REUTERS/Lai Seng Sin/File Photo |
VietPress USA (Sept. 7, 2018): Ma Yun (Chinese: 马云, [mà y̌n]; born 10 September 1964, known professionally as Jack Ma, is a Chinese business magnate, investor, and philanthropist. He is the co-founder and executive chairman of Alibaba Group, a multinational technology conglomerate. As of August 2018, he is one of China's richest men with a net worth of US$38.6 billion, as well as one of the wealthiest people in the world.
On 9 January 2017, Ma talked with United States President Donald Trump at Trump Tower about how to create 1 million American jobs in five years. On 8 September 2017, to celebrate Alibaba's 18th year of establishment, Ma appeared on stage and turned the event into a 'Thriller' with a Michael Jackson inspired performance. This isn't the first time Ma has performed at an Alibaba event. He performed part of "Can You Feel The Love Tonight" at the 2009 event while dressed as heavy metal lead singer. In the same month, Jack Ma also partnered with Sir Li Ka-shing in a joint venture to offer a digital wallet service in Hong Kong.(Wikipedia).
Today the New York Times reported that Chinese Billionaire Jack Ma of Alibaba Group Holding Ltd decides to retire from his position as the Company's co-founder and executive chairman. Jack Ma told the paper that he would step down on Sept. 10 to pursue philanthropy in education.
Read this news from Reuters on Yahoo News at: https://finance.yahoo.com/news/alibaba-co-founder-jack-ma-retire-york-times-230929276--sector.html?soc_trk=gcm&soc_src=69f70237-124f-3ea9-acd0-fc922af945e2&.tsrc=notification-brknews
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Alibaba co-founder Jack Ma to retire: New York Times
(Reuters) - Billionaire Jack Ma, Alibaba Group Holding Ltd's <BABA.N> co-founder and executive chairman, is retiring from the company, the New York Times reported on Friday.
Ma was quoted as telling the paper he would step down on Sept. 10 to pursue philanthropy in education.
Alibaba was not available for comment outside business hours.
Ma, a former tour guide, English teacher and self-styled "China's Forrest Gump," would remain on the company's board of directors and continue to mentor the company's management, the New York Times said.
Ma told the newspaper that his retirement "is not the end of an era but "the beginning of an era." He added that he would be spending more of his time and fortune focused on education.
(Reporting by Manas Mishra in Bengaluru; Editing by Sandra Maler)
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