Jack Ma, the co-founder of Alibaba, a well-known name in the world of e-commerce and noted Chinese businessman, has stepped down as Chairman of the Board of the Company on his 55th birthday. Here are some important things you must about Jack Ma foundation
The company’s chief executive officer Daniel Zhang will replace him. But the Alibaba brand will always be seen connecting with Jack Ma.
Let’s tell you 5 things about Jack Ma that you might not know.
1: Jack Ma As English Teacher:
Born into a poor family in China, Jack Ma started his career as an English teacher.
Earlier, he was dismissed for 30 jobs, one of which was also from KFC.
Despite having no background in computing, Jack Ma laid the foundation of Alibaba in his apartment two decades ago.
For this, Jack Ma persuaded some of his friends to invest in his online marketplace.
2. A wealth of wealth:
According to Forbes’ 2017 list, Jack Ma is the third richest person in China. Forbes said his wealth was $ 36.6 billion.
Jack Ma holds about a nine percent stake in Alibaba, a $ 420 billion company.
In 2014, Alibaba raised $ 25 billion through the world’s largest public shareholding.
Jack Ma also made his presence in America through shopping events like Black Friday and Cyber Monday.
3. Return to Education:
Jack Ma started thinking about his heir ten years ago. In 2013, he left the chair of the Chief Executive Officer to become Board President.
He then started work to promote education in rural areas of China through the Jack Ma Foundation.
Jack Ma now wants to return to education while playing the role of the founding partner of Alibaba.
In this connection, he had said in an interview with Bloomberg that there are many things, which he can learn from Bill Gates.
4. Jack Ma likes Trump:
In January last year, Jack Ma said that he had a very good meeting with elected President Donald Trump in New York.
After the meeting, Jack Ma said that both Trump and he agreed that the US-China relationship should be stronger, more friendly, and better.
Trump had then praised Jack Ma, saying that he is a great entrepreneur who loves both China and America.
But Jack Ma is leaving the chair at a time when Chinese manufacturers and businesses are facing many challenges due to trade war with America.
5. Living in Discussion:
Jack Ma remains constant in the discussion.
In the year 2017, Jack Ma dressed like the late Michael Jackson in a program organized on the occasion of Alibaba’s anniversary.
Last year, he also stepped into the world of acting. Jack Ma appeared in a short film with martial arts master Jet Li.
Jack Ma is not only a fan of martial arts but has also been practising Tai Chi for more than 30 years.