Jack Ma is a Chinese business magnate, investor, politician, philanthropist, and kung fu master.
Jack Ma, or Ma Yun, is a Chinese business magnate, investor, politician, philanthropist, and kung fu master. He is the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate. Ma is a strong proponent of an open and market-driven economy.
A prominent business leader, Ma is seen as a global ambassador for Chinese business and as such is frequently listed as one of the world’s most powerful people & world’s 20th Richest Person by Bloomberg Billionaires Index & Forbes. He also serves as a role model for startup businesses. In 2017, he was ranked second in the annual “World’s 50 Greatest Leaders” list by Fortune. In September 2018, he announced that he would retire from Alibaba and pursue educational work, effective in one year, with Daniel Zhang succeeding him as executive chairman.
As of 2 February 2019, he is China’s richest man, with a net worth of $41.1 billion, as well as one of the wealthiest people in the world and also was ranked 21st in the world by Forbes Magazine’ World’s Most Powerful People.
Alibaba
Sep 10th, 1964
Chinese
Hangzhou Teacher's Institute, B.A. in English - 1988
79
$24.3 B
Alibaba - Co-founder
Alibaba - Executive Officer - 1999 - 2019
Hangzhou Haibo Translation Agency - Founder - 1994
Hangzhou Dianzi University - Lecturer in English and International Trade - 1988
According to Sun, Changpeng Zhao proved to him for several years that “users should always be placed at the top of all interest distributions.”
After 16 years of service to the firm, Zhang is ready to move on to the next career phase. Alibaba expressed gratitude for his work at the company.
According to Alibaba, Eddie Wu will take over from Daniel Zhang as CEO, to allow Zhang focus on the company’s Cloud intelligence business.
While Alibaba still maintains its dominance in most of the industries it is invested in, earlier the company unveiled plans to split itself into 6 functional units.
Following two years of crackdowns and sanctions, China appears ready to unlock private sector potential via tech IPO developments.