China's richest Jack Ma will now perform cultural and philanthropic activities with $ 39 billion in assets
(PTI) Beijing, Ta. September 10, 2019, Tuesday
China's richest businessman and Alibaba's founder, Jack Ma, has resigned as the executive chairman of the giant e-commerce giant Alibaba on his 55th birthday today. Born in a poor family, Jack Manny's journey to become the richest in China has been a thrill.
Jack Ma and others co-founded Alibaba in 1999. Today Alibaba is one of the largest Internet companies. According to last year's Forbes Magazine listing, Jack Ma is the richest in China and has $ 39 billion in assets.
Jack Ma was stunned by announcing his retirement last year. The announcement of Jack Ma's retirement has brought shock waves to his company and throughout China. His position will be to become executive chairman of the company's CEO, Daniel Zhang Alibaba, and Jack Ma will continue to be the company's director.
Rebecca Fanin, who authored a book on Chinese technology companies, says it's hard to fill the position of someone like Jack Ma. It's Steve Jobs from China. Reacting to reports that he was tired of China's business environment, he said, "Now I want to be relaxed." I now want to do cultural and philanthropic activities.
Jack Mae also said he would much prefer to die on the beach than Alibaba's working table. At 54, I am old for the internet industry but young for the other sector. There are several other activities I can do over the next 15 to 16 years. I'm aware that it is difficult for people to resign at 55 or 56 or 60 years later.
Atul Dalakotti, executive director of the Federation of Indian Chambers of Commerce and Industry (FICCI) in China, said that Jack believes in India's technology sector and has deep respect for India. Jack Ma has the ability to easily see complex things.
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