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Alibaba co-founder Jack Ma to retire to pursue philanthropy (Update)


V. (Jack Ma, founder of Chinese e-commerce giant Alibaba, gestures during the launch of Alibaba's office in Kuala Lumpur, Malaysia June 18, 2018.  - Reuters filepic)

V. (Jack Ma, founder of Chinese e-commerce giant Alibaba, gestures during the launch of Alibaba's office in Kuala Lumpur, Malaysia June 18, 2018. - Reuters filepic)

NEW YORK: Alibaba Group Holding Ltd's co-founder and executive chairman, Jack Ma, will retire from the e-commerce company on Monday, as the former English teacher seeks to focus on philanthropy in education, the New York Times reported.

Ma, one of China's best known corporate leaders, will remain on the company's board of directors and continue to mentor the company's management, the New York Times said on Friday.

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