93233
Jack Ma Plans to Step Down From Alibaba
Jack Ma Plans to Step Down From Alibaba

Jack Ma Plans to Step Down From Alibaba

Jack Ma Plans to Step Down From Alibaba

Alibaba Group Holding Ltd. Chairman Jack Ma told the New York Times that he plans to step down from his role at the company on Monday, marking the end of an era at China’s e-commerce juggernaut. China’s richest man said he would remain on Alibaba’s board of directors as he pursues philanthropic endeavors, the New York Times reported.  Ma told Bloomberg earlier this week that he planned to retire and wanted to dedicate more of his time and fortune to philanthropy with the creation of a foundation in his own name focused on education, following in the footsteps of fellow billionaire Bill Gates, Bloomberg reported. Ma said there are a lot of things he could learn from Bill Gates. “I can never be as rich,” but “I can retire earlier,” he said in the interview. Ma said he could soon “go back to teaching. This is something I think I can do much better than being CEO of Alibaba.” Spokesmen for Alibaba could not immediately comment on the report on Saturday.

 

Short URL : https://goo.gl/SRZWcW
  1. https://goo.gl/29DA5P
  • https://goo.gl/LUqbBR
  • https://goo.gl/8MzTvd
  • https://goo.gl/bMjaLz
  • https://goo.gl/9u7LBy

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus