Alibaba co-founder Jack Ma retires next week

Alibaba co-founder Jack Ma is one of the richest people in China, one of the most successful companies in the country, will retire from next week and will concentrate on charity. New York Times It was reported on Friday night. Horse (53 years old) saw Alibaba in 1999 and helped the Chinese develop a $ 420 billion business useful for how to purchase and pay online products. The company holds a 6.4% stake and holds net assets of more than $ 40 billion.

Alibaba is widely known as an Amazon in China, Taobao market started in 2003 when it expanded to digital media, and began actively growing but began as an online business market. It is used in many industries such as cloud computing and is integrated as Alipay online payment products as a daily service provider. The company also holds significant stocks of social media platforms similar to Weibo's Twitter.

Horse delegates the role of CEO to David Zhang in 2013 and currently works as Alibaba's Executive Chairman who manages Alibaya's financial services subsidiary Antip Financial and Alibaba brand new Alipay brand. That NYT Zhang reported that he was a powerful heir of horse mission. Horse is one of the first Chinese millionaires businessman to retire and he is very young, he is widely respected in China known as "Master Horse" and her charity .

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Alibaba co-founder Jack Ma retires next week

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