Ma's net worth is $39.9 billion, according to Bloomberg's Billionaires Index.
Ma has thrived in the spotlight as he became a much sought-after guest for conferences around the world, even as tensions between China and the USA have risen over trade.
Jack Ma, the founder of Alibaba Group Holding Ltd, waves as he arrives at the New York Stock Exchange in New York, US, September 19, 2014. "His retirement will be interpreted as frustration or concern whether he likes it or not".
In an interview, Ma said his retirement is not the end of an era but "the beginning of an era". He said the reason he's leaving is to pursue philanthropic endeavors focused on education.
"I'm sure he'll be just as involved as he has been in his chairman role, even if he doesn't have the formal title", said Carter.
It remains unclear whether Alibaba will appoint a new chairman after Ma formally retires from the company on Monday. Alibaba is China's largest corporation and, with a listing on the New York Stock Exchange, is now valued at $420 billion. It is still reeling from allegations of rape against Amazon rival JD.com's chief executive Richard Liu. For Chinese tycoons to step aside in their 50s is rare; they usually remain at the top of their organisations for many years.
News of the executive's departure comes amid a tumultuous period the industry.
Liu was arrested and then released without charge in the USA city of Minneapolis last week.
He started Alibaba.com in 1999 as a business-to-business marketplace, backed by $60,000 from 18 co-founders. He owns a 6.4 percent stake of Alibaba, according to securities filings, but has considerably more sway over the company thanks to its complicated legal structure.
He co-founded the company with 17 other people, some of whom were his students, out of his apartment in Hangzhou in eastern Zhejiang province. It's also one of the largest payment processors, with its Alipay service (now Ant Financial) relying on 2D code linked to bank accounts to allow retailers to accept electronic payments.
He is one of the most colourful of China's growing crop of billionaires, performing a Michael Jackson-inspired dance routine at the company's 18th anniversary celebration previous year, and starring in his own kung fu short film. Numerous co-founders are still around, and professionals who joined the company later are now in charge. But under his guidance, the Alibaba Group has become one of China's largest technology conglomerates.
Notably, while Ma had stepped down as the Alibaba CEO nearly eight years back, he remained the face of the company at top political and business events and he played an important role in devising the company's long term strategy. But its efforts to muscle into the United States largely have not been successful. A year ago he met with US President Donald Trump, who described him as "smart" and "open minded".
Ma said he sees himself as an accidental executive.
More travelling is scheduled for the businessman, including a trip to Cape Town, where Ma has promised to fulfil his pledge to help South African President Cyril Ramaphosa set up a digital training centre to nurture entrepreneurship among the youth. "With political stability, social safety and 6 percent-plus economic growth, we have the best business environment".
Each man blew chances to gain control and perhaps have a much quicker ending to a match that had wild swings of momentum. She will play the victor of Tuesday's night match between Serena Williams and Karolina Pliskova in the last four.
Pressley also represents the latest underdog candidate to have emerged to challenge both establishment Democrats and Republicans. Though results were coming in slowly and the race had yet to be called, Capuano conceded just 80 minutes after polls closed.
The No. 1-seeded Nadal has a history of tendinitis in his knees, and he's often cited that when withdrawing from tournaments. Djokovic has won his past 13 sets in NY . "I didn't expect to get to another Grand Slam final in my favourite tournament".
Last year, when Bell played under the franchise tag , he reported to the Steelers on Labour Day and suited up in Week 1. The Steelers will move forward in preparations for the Cleveland Browns with James Conner as the starting running back.
While Amazon's and Apple's runs created plenty of fanfare, they're not the first companies to hit the $1 trillion level. Amazon Founder Jeff Bezos is already the richest person on Earth, with a net worth surpassing $150 billion.
The Escambia County Sheriff's office posted on its Facebook page that responding deputies discovered the child had been killed. Neighbor Amanda Ray told the Pensacola News Journal she heard a crack and a scream as the limb fell around 9 p.m.
So, a potential deal around the trade deadline would make sense but may depend on how well the team is doing at the time. That has led to a stalemate that has had Seattle entertaining trade offers for Thomas since last spring.
McCain, who died of brain cancer at age 81 on August 25, would have been up for re-election to his seventh term in November 2022. One of the first votes he will cast when he is sworn in as senator will be on the confirmation of Kavanaugh to the high court.
DeChambeau and Thomas, the 2017 PGA champion and last season's PGA Tour Player of the Year, are the lone rookies on the US team. Tony Finau is believed to be the leading candidate for 12th and final spot. "I'm very excited about the team this year".
Kavanaugh has produced more records to the committee than any other Supreme Court nominee in history, according to the chairman. If no Democrat ultimately supports the nomination, the Republicans have no margin for error in a Senate they control by 50-49.
The momentum was with Nadal but Thiem regrouped in the third set and began to again blast winners into the corners. The Austrian hung his head before being consoled by Nadal who then held his arms aloft in celebration and relief.
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