Jack Ma steps down as executive chairman of China's largest company

Why is Jack Ma famous?

The co-founder of e-commerce giant Alibaba and one of China's best-known businessmen, Jack Ma, steps down. ... He will left on his 55th birthday on 10 September, 2019 - making him the first founder among a generation of prominent Chinese internet entrepreneurs to step down from his company

What is Alibaba by Jack Ma?

Jack Ma is the founder of the E-commerce giant Alibaba and is a stakeholder at Alipay, it's sister company which is an e-payment portal. He is now officially the richest man in China with an estimated net worth of $25 Billion, on the back of the recent world record $150 Billion IPO filing of his company.

Why did Jack Ma retire?

The executive chairman and founder of e-commerce giant Alibaba Jack Ma announced at the Viva Tech Conference in Paris on May 16 that he would be going back to teaching after retiring in September this year. ... The former English teacher said that he is choosing to do so because he loves teaching

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