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Founder of Alibaba retires with a net worth of £31 billion, Daniel Zhang to take over

Founder of Alibaba retires with a net worth of £31 billion, Daniel Zhang to take over
Founder of Alibaba retires with a net worth of £31 billion, Daniel Zhang to take over
Jack Ma, the co-founder, and Chairman of Alibaba, a Chinese e-commerce giant, is retiring from the company at the age of 55. It is very likely that he would have a big retirement party at a stadium with thousands of his employees.  

Jack Ma was previously an English teacher who started the e-commerce company 20 years ago. Jack Ma founded Alibaba in his apartment and now looking to spend most of his time with his family and also his philanthropic works. 

According to Forbes, popular business magazines, Jack Ma is the richest man in China with a net worth of £31 billion. Most of Jack Ma’s net worth comes from the success of Alibaba. 

Daniel Zhang would be appointed to take over Jack Ma’s position which was announced by the eCommerce company last year. Daniel Zhang would be in a lot of pressure as the domestic sales have been slowing down amid the trade war between China and the US.

According to Jack Ma, Daniel Zhang has very good critical thinking skills and would also be committed to the vision and mission of the e-commerce company.

He also resembles Jack Ma with his approach and courage to take on the company innovative business model and is also know to get a lot of attention.

Jack Ma thinks blockchain could change the world but bitcoin is a bubble waiting to burst.