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Alibaba's Jack Ma to Step Down from the position of CEO and Focus on Philanthropy in Education

  • Jack Ma, the executive chairman of the Alibaba e-commerce company, is reportedly stepping down to focus on his philanthropy on education. Reports say, Jack Ma will remain one of the board of directors of Alibaba. Earlier this week, the co-founder of Alibaba told a renowned media house that his retirement will not be an end of era but only the beginning as he loves education. He also said that he can never be as rich as Bill Gates but will follow in his footsteps to create a personal foundation. Jack Ma went on to add that he may soon go back to teaching (as he started his professional life by teaching English at a university).