Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Alibaba Founder Jack Ma Retires After 20 Years in Leadership

Two decades after laying the foundation for a company that became one of the world’s titans of e-commerce, Jack Ma stepped down from his position as executive chairman of Alibaba Group. In an open letter last year announcing his retirement, the 55-year-old billionaire said he planned to invest more time and resources in education, philanthropy, and the environment - and “will not allow myself to sit idle.”

A former English teacher, Ma founded Alibaba in 1999 as a fledgling e-commerce company of just 18 people. Today, it has morphed into a multibillion-dollar empire spanning the sectors of entertainment, media, cloud computing, and more.

Ma has steered Alibaba - headquartered in the eastern Chinese city of Hangzhou — to almost unparalleled success, while also cultivating an image of himself as an influential figure with exceptional oratory skills, capable of appealing to investors’ emotions and even driving them to tears. A month after revelations of his status as a Communist Party member in November 2018 surprised some, Ma was among 100 individuals honored by the central government for making “outstanding contributions” to the country’s reform and opening-up — or essentially being a global ambassador of China.

Upon announcing last year that he would pass the title of executive chairman of Alibaba to Daniel Zhang, the company’s CEO, Ma expressed “complete confidence” that Zhang and his team would lead Alibaba in the right direction going forward.

As Ma steps away from the corporate spotlight, Sixth Tone looks at some of the notable — and sometimes even controversial — philosophies and opinions he espoused during his tenure at the helm of Alibaba.


Work-Life Balance


Before launching an e-commerce empire, Ma maintains that he struggled to find a job, and that he was even rejected for a position at fast-foot chain KFC. Then in 1994, he heard about the internet, and quickly identified the nascent technology as a potential game-changer.

During a 2010 interview with the American television journalist Charlie Rose, Ma explained how he used the internet to create jobs and help businesses grow. He said he worshipped his career and devoted so much of his time to work “because of the excitement and because I really treasure and honor this opportunity in my life.”

Nearly a decade later, Ma’s views seem to remain much the same. Earlier this year, he defended the culture of overwork that has become pervasive in China’s tech industry and startups. His remarks sparked a rare backlash on the country’s social media platforms.

“If we find things we like, 996 is not a problem,” Ma wrote on microblogging platform Weibo, using the now-viral number representing the 9 a.m. to 9 p.m., six days a week work schedule. He added that people with an aversion to long hours “won’t taste the happiness and rewards of hard work.”

At the 2019 World AI Conference last month, however, Ma said technological advances will make people’s lives easier to the point that they won’t need to work endlessly in the future. “I think people should work three days a week, four hours a day,” he said. “I think because of artificial intelligence, people will have more time to enjoy being human beings. … I don’t think we need a lot of jobs. At that time, the jobs we need are to make people happier, make people experience life, enjoy the human beings.”


Empowering Women


Of the 18 people who started Alibaba, six were women. Today, the same ratio of women can be found among the company’s executive leadership — far from equal, yet still progressive by China business standards.

During Alibaba’s inaugural Global Conference on Women and Entrepreneurship in May 2015, Ma described the company’s female staff as the “secret sauce” behind its success. “Completing a task ordinarily depends on men — but doing it well will have to depend on women,” he said last month at this year’s women’s conference. “To complete (a task) brilliantly will require both men and women.”

Also at this year’s conference, Ma stressed gender equality as one of the most important issues of the 21st century. One of his last wishes before retiring, he said, was that he should never see the company’s workforce dip below the threshold of 33% female.

But Ma’s comments on the skewed gender ratio in tech have fallen flat at times, too, and even been called out as politically incorrect. His admission at this year’s women’s conference that he hopes to be a woman “in my next life,” for example, was criticized as tone-deaf. And at a group wedding for Alibaba employees in May, Ma’s lewd wordplay on 996 — saying what people really want is “669” — raised plenty of eyebrows online.


A Shift in Education


Ma’s first love has always been teaching. Even as one of the world’s most recognizable businesspeople, he has been a vocal advocate for improving rural education in China. His nonprofit, the Jack Ma Foundation, has launched several programs aimed at developing leadership skills and encouraging more people to teach in underserved areas — including a 2015 initiative to cultivate teaching talent in the countryside.

“Rural education is the hope and the future of China,” Ma said during a graduation ceremony for rural educators who completed a three-year training program offered by Alibaba and Hangzhou Normal University.

Ma has also been pushing for a paradigm shift in how children are taught. During last year’s World Economic Forum in Switzerland, he stressed that the knowledge-based approach to education that most societies have relied on for the past 200 years will not prepare the next generation of leaders to compete with technology.

And at this year’s forum, he picked up where he left off. “What’s the things that we have to teach (for) kids to be more creative, innovative, and do things machines cannot do?” he said. “It’s the value they believe in, the mission. The machines, in the future, they have chips — but the human beings have the heart. The heart is where the value, the mission (is). So this is what I think: The education system, we need to move to that direction.”

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Trump Called Viktor Orbán: "Why Are You Using the Veto"
Horror in the Skies: Plane Engine Exploded, Passengers Sent Farewell Messages
AI in Policing: Draft One Helps Speed Up Reports but Raises Legal and Ethical Concerns
Shame in Norway: Crown Princess’s Son Accused of Four Rapes
Apple Begins Simultaneous iPhone 17 Production in India and China
A Robot to Give Birth: The Chinese Announcement That Shakes the World
Finnish MP Dies by Suicide in Parliament Building
Outrage in the Tennis World After Jannik Sinner’s Withdrawal Storm
Class Action Lawsuit Against Volkswagen: Steering Wheel Switches Cause Accidents
UK Government Tries to Sue 4chan for Breaching Online Safety Act
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Cambridge Dictionary Adds 'Skibidi,' 'Delulu,' and 'Tradwife' Amid Surge of Online Slang
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
The CEO Who Replaced 80% of Employees for the AI Revolution: "I Would Do It Again"
"Every Centimeter of Your Body Is a Masterpiece": The Shocking Meta Document Revealed
Character.ai Bets on Future of AI Companionship
China Ramps Up Tax Crackdown on Overseas Investments
Japanese Office Furniture Maker Expands into Bomb Shelter Market
Intel Shares Surge on Possible U.S. Government Investment
Hurricane Erin Threatens U.S. East Coast with Dangerous Surf
EU Blocks Trade Statement Over Digital Rule Dispute
EU Sends Record Aid as Spain Battles Wildfires
Beijing is moving into gold and other assets, diversifying away from the dollar
China Requires Data Centres to Source Majority of AI Chips Locally, For Technological Sovereignty
Escalating Clashes in Serbia as Anti-Government Protests Spread Nationwide
Category 5 Hurricane in the Caribbean: 'Catastrophic Storm' with Winds of 255 km/h
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Digital Humans Move Beyond Sci-Fi: From Virtual DJs to AI Customer Agents
YouTube will start using AI to guess your age. If it’s wrong, you’ll have to prove it
Jellyfish Swarm Triggers Shutdown at Gravelines Nuclear Power Station in Northern France
OpenAI’s ‘PhD-Level’ ChatGPT 5 Stumbles, Struggles to Even Label a Map
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
The World Economic Forum has cleared Klaus Schwab of “material wrongdoing” after a law firm conducted a review into potential misconduct of the institution’s founder
A Computer That Listens, Sees, and Acts: What to Expect from Windows 12
Bitcoin hits $123,000
Southwest Airlines Apologizes After 'Accidentally Forgetting' Two Blind Passengers at New Orleans Airport and Faces Criticism Over Poor Service for Passengers with Disabilities
United States Sells Luxury Yacht Amadea, Valued at Approximately $325 Million, in First Sale of a Seized Russian Yacht Since the Invasion of Ukraine
Russian Forces Advance on Donetsk Front, Cutting Key Supply Routes Near Pokrovsk
It’s Not the Algorithm: New Study Claims Social Networks Are Fundamentally Broken
Sixty-Year-Old Claims: “My Biological Age Is Twenty-One.” Want the Same? Remember the Name Spermidine
Saudi Arabia accelerates renewables to curb domestic oil use
The Billion-Dollar Inheritance and the Death on the Railway Tracks: The Scandal Shaking Europe
World’s Cleanest Countries 2025 Ranked by Air, Water, Waste, and Hygiene Standards
Denmark Revives EU ‘Chat Control’ Proposal for Encrypted Message Scanning
Perplexity makes unsolicited $34.5 billion all-cash offer for Google’s Chrome browser
Cristiano Ronaldo and Georgina Rodríguez announce engagement
×