• Wednesday, August 10, 2022

Asia

Alibaba Co-founder Jack Ma Announces Retirement

Alibaba Chairman Jack Ma gives a speech at ‘High Level Dialogue on Targeted Poverty Alleviation’ session during the China International Big Data Industry Expo 2018 at Guiyang International Eco-Conference Center on May 27, 2018 in Guiyang, Guizhou Province of China. Photo: VCG/VCG via Getty Images.

By: Radhakrishna N S

Chinese e-commerce giant Alibaba co-founder and chairman Jack Ma has said on Friday (07) that he is scheduled to retire from the service on Monday (11) when he celebrates his 54th birthday. In an interview with The New York Times, he said, he aims to spend his time for philanthropy focused on education after his retirement. “Jack Ma will retire next week from Alibaba, the e-commerce giant that made him China’s richest man. He says he wants to focus on philanthropy,” tweeted New York Times. Ma, one of China’s top-most corporate figure, will retain his position on the company’s board…

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