Alibaba co-founder Jack Ma to retire, say reports

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Ma, who has a net worth of $36.6bn, says retirement is the beginning of an era as he focuses on philanthropy

Alibaba’s co-founder and executive chairman Jack Ma will reportedly retire from the e-commerce company on Monday, as the former English teacher seeks to focus on philanthropy in education.

Ma, one of China’s best known corporate leaders, will remain on the company’s board of directors and continue to mentor its management, the New York Times said on Friday.

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Source: china
Link : Alibaba co-founder Jack Ma to retire, say reports

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