Jack Ma Talks About His Plans After Retiring From Alibaba
- Billionaire plans shift to education, admires Gates’ example
- Ma will announce transition plans Monday, SCMP reports
This article is for subscribers only.
Jack Ma is making plans for a future after Alibaba Group Holding Ltd., the business he co-founded and turned into Asia’s most valuable company.
Ma will unveil succession plans Monday and work on the transition over a significant period of time, according to the South China Morning Post, the Hong Kong newspaper owned by Alibaba. China’s richest man explained in an interview with Bloomberg TV on Friday that he plans to shift his focus to education and return to teaching, his first love before starting his e-commerce empire. He has created a foundation in his own name, modeled in part of the efforts of Microsoft Corp. co-founder and fellow billionaire Bill Gates.