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Alibaba’s CEO Jack Ma announced official retirement

Technofinite by Technofinite
April 17, 2023
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Jack Ma is one of the most successful people on earth. His net worth is $35.6 billion. He is also included in the world’s top Billionaires person list. But he retires to chairperson from their own company. Jack Ma will still serve to a company before the annual shareholders meeting. Alibaba also a life partner of Jack Ma. Jack already announced one special thing, he said that Alibaba makes Jack Ma but Jack Ma cannot belong to Alibaba.

Jack Ma replaced by Lu in 2013. In the past, Alibaba left out in 2013 as CEO person. Lu takes the CEO position. After two years ago, Lu was replaced by Zhang. E-commerce market of Alibaba was slow down during the interchanging of CEO authorities. But after a few time, the company grow very fast some new things like Pinduoduo involve in the online retail system.

Related Video: Jack Ma ends a 20-year reign

At that time, they are currently targeted at smaller towns and cities. Because the small markets are growing very fast to increase the customers.

Alibaba is one of the largest online e-commerce platforms in the world. Their growth in Asian countries very huge scope. China is also a big population country in the world. China Teacher day was a retirement day of Jack Ma as chairman.

Related Article: Jack Ma — the most flamboyant tech founder on the planet and China’s richest man — steps down from his $460 billion Alibaba empire after 20 years

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