Unic Press UK: Jack Ma, the founder and chairman of Alibaba Group – China’s biggest e-commerce company, which generated a revenue of 250 billion yuan ($37.8 billion) in the year to March 2018 – will step down as the company’s chair to focus on philanthropy.
Ma, the richest person in the Peoples Republic of China, is currently ranked 19 in the list of billionaires on the Bloomberg Billionaires Index, with a net-worth of $39.9 billion (or £30.8 billion).
“There’s a lot of things I can learn from Bill Gates. I can never be as rich, but one thing I can do better is to retire earlier. I think some day, and soon, I’ll go back to teaching. This is something I think I can do much better than being CEO of Alibaba. I’ve prepared a Jack Ma Foundation,” the billionaire Ma said during an interview with Bloomberg TV.
