Jack Ma is a Chinese businessman and philanthropist. He is the co-founder and former executive chairman of the Chinese multinational conglomerate Alibaba Group. In September 2019, Ma announced that he would be stepping down as executive chairman of Alibaba Group on September 10, 2019, and retiring from the board of directors.
Since then, he has not been very active in the public eye, and it is not clear what he has been doing. He might have been focusing on philanthropy or other personal interests.
Why Jack Ma left Alibaba?
There are a few reasons why Jack Ma decided to step down as executive chairman of Alibaba Group. One reason is that he wanted to pursue other interests and focus on philanthropy. In an interview with Bloomberg, Ma said that he wanted to “dedicate more of [his] time and resources to education” and that he planned to “teach and share with young people.”
Another reason for Ma’s departure from Alibaba is that he had reached the mandatory retirement age for directors at the company, which is 60. Ma turned 55 in September 2019, so he decided to retire from the board of directors a few years ahead of schedule to allow for a smooth transition of leadership at the company.
It is also worth noting that Ma’s departure from Alibaba came at a time when the company was facing increased scrutiny from Chinese regulators. This may have played a role in his decision to step down, though he has not publicly commented on this.