News
China’s Richest Man, Jack Ma Is Quitting His $420 Billion Company, Alibaba To Become A Teacher
Chinese business mogul, investor, and philanthropist, Jack Ma, who is the co-founder and executive chairman of the Alibaba Group, a multinational technology conglomerate, is leaving his company for teaching.
On his 54th birthday, China’s richest man, Jack Ma, announced that he would step down as executive chairman of e-commerce giant Alibaba. The rags-to-riches entrepreneur behind China’s biggest tech company isn’t going to retire. He wants to be a teacher again.
With a net worth of $40.5 billion, Ma is one of the richest people on the planet and a prominent figure. He is well-known for speaking at conferences, advocating globalization, and rubbing shoulders with world leaders.
Ma most recently made headlines for his warnings about the escalating U.S.–China trade war, insisting that “it’s going to be a mess” which could last for decades. His plan to create 1 million jobs in the U.S, a pledge he made after meeting Trump in January 2017, has been “completely destroyed” as a result.
Ma’s decision to step down from the top job at Alibaba will usher in a new era for the $420 billion company, which he grew from a website run out of his apartment to one of the biggest tech companies in the world.
His rise to fame as one of China’s biggest tycoons is a “Hollywood story,” he told The New York Times in a 2005 interview.
![Watch The Moment Burna Boy Surprised DJ Obi With $10,000 Cash Gift On His Birthday [Video]](https://media.kanyidaily.com/2024/05/01080456/Burna-Boy-surprises-DJ-Obi-400x240.jpg "Watch The Moment Burna Boy Surprised DJ Obi With $10,000 Cash Gift On His Birthday [Video] 6")
!["Men Should Help Their Gender More Than Females" - Apostle Suleman [Video]](https://media.kanyidaily.com/2024/04/30124642/Apostle-Suleman-4-400x240.jpeg "\"Men Should Help Their Gender More Than Females\" - Apostle Suleman [Video] 12")
Politics52 mins ago
Why Governor Uzodinma Appointed Himself As Commissioner For Lands In Imo
![Watch The Moment Burna Boy Surprised DJ Obi With $10,000 Cash Gift On His Birthday [Video]](https://media.kanyidaily.com/2024/05/01080456/Burna-Boy-surprises-DJ-Obi-80x80.jpg "Watch The Moment Burna Boy Surprised DJ Obi With $10,000 Cash Gift On His Birthday [Video] 17")
Entertainment1 hour ago
Watch The Moment Burna Boy Surprised DJ Obi With $10,000 Cash Gift On His Birthday [Video]
News14 hours ago
Nigerian Senate Denies Fighting Over Sitting Arrangement During Plenary Session
News15 hours ago
FG Declares Wednesday As Public Holiday To Celebrate Workers’ Day
Politics16 hours ago
Rowdy Session As Nigerian Senators Fight Over Seats In Refurbished Chamber
Entertainment17 hours ago
“Find One Place And Sit Down” – Wizkid Slams Cubana Chief Priest Over Davido
!["Men Should Help Their Gender More Than Females" - Apostle Suleman [Video]](https://media.kanyidaily.com/2024/04/30124642/Apostle-Suleman-4-80x80.jpeg "\"Men Should Help Their Gender More Than Females\" - Apostle Suleman [Video] 22")
Celebrities21 hours ago
“Men Should Help Their Gender More Than Females” – Apostle Suleman [Video]
Tech and Gadgets21 hours ago
Kaduna State Collaborates with Google to Launch Pioneering Hausa Language AI Learning Series to Expand Tech Education and Empower Women
Entertainment22 hours ago
“Olamide Is My Idol But I Rap Better Than Him” – Oladips
Education22 hours ago
JAMB Reveals Why It Won’t Announce Names Of 2024 UTME Top Scorers
Celebrities23 hours ago
MMA Fighter And Boxer, Francis Ngannou Loses His 15-month-Old Son Kobe
Entertainment1 day ago
“I Can Retire Today And You’ll Still Not Be On My Level” – Wizkid Replies Davido
Entertainment1 day ago
“Your Career Is Dead, Dem No Know Your Gbedu Again” – Davido Fires Back At Wizkid
Education2 days ago
UTME 2024: How To Check Your JAMB Results Through Phone, Portal
Entertainment2 days ago
“If Not For Wizkid, The Likes Of Davido Wouldn’t Have A Platform” – Samklef
News2 days ago
Fuel Scarcity Hits Nigeria As Petrol Sells Above N700/Per Liter In Lagos, Abuja
Entertainment2 days ago
Wizkid Shades Don Jazzy Over Ladipoe’s Post, Calls Him An Influencer
Entertainment2 days ago
Wizkid Trolls Davido With Video Of Him Crying And Begging On His Knees
Politics2 days ago
Gunmen Kill Governor Aiyedatiwa’s Campaign Coordinator In Ondo
Metro2 days ago
Police Probe Death Of VGC Chairman, Gihan Mbelu Found Dead In His Car In Lagos
Entertainment9 months ago
Rihanna And ASAP Rocky Reportedly Welcomes Their Second Child, A Baby Girl
![Tunde Ednut Reacts As Child Comedian, Kiriku Rains Money On Fans From Moving Car [Video]](https://media.kanyidaily.com/2023/05/18112339/Kiriku-80x80.jpg "Tunde Ednut Reacts As Child Comedian, Kiriku Rains Money On Fans From Moving Car [Video] 37")
Entertainment12 months ago
Tunde Ednut Reacts As Child Comedian, Kiriku Rains Money On Fans From Moving Car [Video]
!["She Ignored Me Despite Being A Star" – Davido Recounts First Time He Met Chioma [Video]](https://media.kanyidaily.com/2023/06/04111700/Davido-Chioma-80x80.jpg "\"She Ignored Me Despite Being A Star\" – Davido Recounts First Time He Met Chioma [Video] 38")
Entertainment11 months ago
“She Ignored Me Despite Being A Star” – Davido Recounts First Time He Met Chioma [Video]
Celebrities12 months ago
Hilda Baci Defends Her Dressing, Urges Nigerians To Recognize Her Talents Beyond Appearance
Entertainment8 months ago