Jack Ma, the founder of the giant Chinese electronics giant Alibaba Group, has announced his resignation as head of the company, in order to devote himself to charitable work, especially as a former teacher and keen on trade science. In an address issued by Ali Baba, September 2019.
Jack Ma, a former English teacher, founded Alibaba in 1999 in an apartment in the eastern city of Hangzhou to connect Chinese exporters with foreign retailers. After that, the company expanded to become the retail business of the consumer, becoming the world's largest e-commerce company in terms of total value of goods Sold, in addition to online finance, cloud computing and other services.
The 54-year-old Jack Ma became one of China's most famous businessmen and one of the richest companies in the world. The Huron report, which ranks China's richest men, estimates its net worth at $ 37 billion.
The company issued a statement saying that Jack Ma will continue as chairman of the Alibaba Group over the next 12 months and after that the presidential transition will take place to Zhang, after which Jack will continue to serve as a member of the board until the shareholders' annual meeting in 2020.
This shift shows that Alibaba has ascended to the next level of corporate governance based on individuals, one based on organizational excellence systems and a culture of talent development, "he said in a speech. He said he wanted to go back to education but did not give details
Alibaba is part of a group of companies, including Tencent Holding Ltd, the media and social networking giant, and Baidu.com Inc. Alibaba was founded in a time when a few of the Chinese are using the Internet and with the spread of Internet use the company has expanded to become a retail business and services a few of the Chinese credit cards used, so Alibaba established a special online payment system.
Jack Ma, a former English teacher, founded Alibaba in 1999 in an apartment in the eastern city of Hangzhou to connect Chinese exporters with foreign retailers. After that, the company expanded to become the retail business of the consumer, becoming the world's largest e-commerce company in terms of total value of goods Sold, in addition to online finance, cloud computing and other services.
The company issued a statement saying that Jack Ma will continue as chairman of the Alibaba Group over the next 12 months and after that the presidential transition will take place to Zhang, after which Jack will continue to serve as a member of the board until the shareholders' annual meeting in 2020.
This shift shows that Alibaba has ascended to the next level of corporate governance based on individuals, one based on organizational excellence systems and a culture of talent development, "he said in a speech. He said he wanted to go back to education but did not give details
Alibaba is part of a group of companies, including Tencent Holding Ltd, the media and social networking giant, and Baidu.com Inc. Alibaba was founded in a time when a few of the Chinese are using the Internet and with the spread of Internet use the company has expanded to become a retail business and services a few of the Chinese credit cards used, so Alibaba established a special online payment system.
