Alibaba co-founder Jack Ma resigned as head of the board after 20 years

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The billionaire will engage in educational projects.

Jack Ma, photo Marlene Awaad, Bloomberg

Co-founder and head of Alibaba’s board of directors, Jack Ma, left the company on the year of its 20th anniversary and the day of its 55th anniversary. About this writes Bloomberg.

He announced the decision to leave last year — Ma specified that he wants to engage in projects in the field of education. Instead, the board of directors was headed by Daniel Zhang, the company’s general director and author of the annual largest sale, “Singles Day”.

Ma, despite the resignation, will retain its influence on the company. Interlocutors of Bloomberg believe that Zhang will make important decisions only after consulting with him.

Jack Ma, a former English teacher, founded Alibaba, an online retailer, in 1999 with partners. Now Ma is one of the richest people in China, and Alibaba has a capitalization of $ 460 billion.


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