Business

Watch | The Jack Ma story

Jack Ma stepped down as chairman of China’s Alibaba Group on September 10, 2019

Born to a poor family in Hangzhou in southeast China, Ma worked as an English teacher at a local university

With no previous exposure to the internet, his first online search was "beer" and the entrepreneur was surprised when no Chinese beers turned up.

A cash-strapped Ma co-founded Alibaba in his apartment with a group of friends in 1999. Alibaba is now one of the biggest online retail firms.

Ma once did a Michael Jackson-inspired dance at an Alibaba anniversary celebration and has also starred in his own kung fu short film.

Ma is one of the world's top billionaires with an estimated net worth of 38.6 billion dollars according to Forbes. He stepped down as chairman of Alibaba on his 55th birthday.

He had a farewell party in the Hangzhou Olympic Sports Center stadium with music and celebrity performances.

Ma is set to spend more time on philanthropy and education after his retirement.

He handpicked Daniel Zhang to take over as the group chairman.

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Printable version | May 26, 2020 3:52:32 PM | https://www.thehindu.com/business/watch-the-jack-ma-story/article29393003.ece

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