The founder of Alibaba, Jack Ma will retire from his position in this company on next week

News24xx.com - Alibaba founder Jack Ma is certain to retire from his company next week. After retiring, he will follow in the footsteps of Bill Gates, which is to become philanthropist. Jack Ma, now 53 years old, built Alibaba since 1999 until finally it has become a business worth USD 420 billion. He now has a 6.4% share in Alibaba, which makes him a man worth USD 40 billion.

Currently, on Jack's position Alibaba is the Executive Chairman, after handing over his CEO position to David Zhang in 2013. And according to the report, Zhang is also the one who will continue Jack Ma's work after he retires, according to The Verge on Saturday, September 8th 2018.

After retiring later, there are two things that Jack Ma might do, namely philanthropist and teacher. Currently Jack Ma has prepared a plan to do more in the field of philanthropy. "You will soon find out. I prepared Jack Ma Foundation. All that I have prepared for 10 years" he said.

On the other hand, Jack Ma also opened the possibility of wanting to become a teacher again if he retires. In an educational forum in China, Jack Ma said that before pioneering Alibaba, he had indeed been an English teacher. "Education can have a big impact. When I started Alibaba, education really helped me" he said.

News of Jack Ma's retirement has been circulating since last week. Jack Ma indicated that he didn't feel comfortable running Alibaba. In fact, whether serious or not, he once said he regretted having made Alibaba as big as now.

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