Ma told the newspaper that his retirement "is not the end of an era but "the beginning of an era". Initially developed as a business-to-business e-commerce solution.
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 a year ago, and starring in his own kung fu short film.
Known as Ma Yun in mainland China, he is scheduled to be in Russia next week to formalise Alibaba's venture with Mail.ru, the internet company owned by Russian tycoon Alisher Usmanov and sovereign wealth fund Russian Direct Investment Fund (RDIF).
Ma is one of China's wealthiest men, with his net worth estimated at US$40 billion by the Bloomberg Billionaires Index.
"I am very thankful for Australia and the time I spent there in my youth", Ma said during his visit. Ma stepped down as Alibaba's chief executive in 2013; the company's current chief executive is Daniel Zhang, who is a candidate to succeed Ma.
The co-founder of $420the billion internet company, Jack Ma, has announced that he will be retiring from Alibaba on Monday.
He is one of the most colorful of China's growing crop of billionaires, performing a Michael Jackson-inspired dance routine at the company's 18th anniversary celebration a year ago, and starring in his own kung fu short film.
Alibaba set up an an Australian headquarters in Melbourne in 2017, headed by Maggie Zhou, to make it easier for local business to sell into China.
Beat Nadal? -- Im not sure, says Thiem
However, the 32-year-old Spanish top seed recovered to lead two sets to one before Thiem levelled in a tie-break. I told him I was sorry and that he is good, he is a fighter. "Had been a very tough start for me".
As Beijing has increased its involvement in the private sector, Ma has shifted what he has said about China's government.
He was an English teacher before starting Alibaba in 1999 and he founded Alibaba alongside 17 other people. "I can never be as rich, but one thing I can do better is to retire earlier", he said.
Alibaba has one of the strongest management teams in corporate China and, even if he steps down, Ma is likely to still have a role in setting top level strategy, said Brock Silvers, managing director of Kaiyuan Capital.
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.
Facebook, Twitter defend efforts to stop election meddling
Warner said social media companies were doing better at combating disinformation, but their efforts were insufficient. Google did release written "testimony" from Walker ahead of the hearing, even though he was not expected to appear.
Red flags flew over Pensacola-area beaches in Florida's Panhandle, where swimming and wading in the Gulf of Mexico was prohibited. At least 300 people were displaced in Riley County, Kansas, after the area was struck by heavy rain and significant flooding.
Some of the striking contents of the book were published by The Washington Post on Tuesday , ahead of its September 11, release. The White House also released a statement attributed to Kelly in which he renewed his denial of ever calling Trump an "idiot".
The company's stock has surged more than 70 percent since January, outperforming Apple, which has gained more than 30 percent. Amazon shares were last up 1.1 per cent at $2,035.69, pulling back slightly from the milestone level of $2050.2677.
The second day of Kavanaugh's confirmation hearings began much as the first with protesters often interrupting proceedings. Majority Republicans can confirm Kavanaugh without any Democratic votes, though they'll have little margin for error.
Scaffolding of a building being demolished, collapse, following a powerful typhoon in Osaka, western Japan, Tuesday, Sep 4, 2018. Typhoon Jebi will cross the Sea of Japan on Tuesday night and fade into an extratropical cyclone on Wednesday.
I didn't take any pleasure in watching Nadal go through the motions in that second set - especially in case he did more damage. The reigning French Open champion ends his Grand Slam season having made it at least to the quarterfinals in all four majors.
Every time Manchester United don't play well and get a poor result, it always seems to be Paul who gets most of the criticism. A banner with the words "David Moyes - The Wrong One" flew over Old Trafford as United took on Aston Villa.
If you're wondering why Apple has made a decision to give up on 'Plus, ' it's probably because of the aforementioned LCD iPhone . According to a report by 9to5Mac, the Cupertino-based tech giant is planning to name the large screen iPhone as iPhone Xs Max .
Over the course of the past five seasons, a 13 win season has been able to wrap up that top spot in the NFC four times. I don't blame Gurley, or any running back, for not wanting to absorb a tackle from the University of Buffalo great.
President Trump weighed in on the hearing Tuesday, saying that it was a display of how "angry. the other side is". Roe, of course, is the 1973 Supreme Court decision that declared abortion a constitutionally protected right.
Pompeo says 'world is watching' the situation in Idlib
It is clear that United States and its western allies are overwhelmed by the vast efforts of the Syrian resistance. Israel rarely acknowledges such strikes, but has recently targeted suspected Iranian posts inside Syria.
Pitt GM 'disappointed' Bell hasn't reported
And we're on the road. "We spent a lot of time talking about the growth and development of James Conner , and appropriately so". Bell has stayed away from the team as a way to avoid injury and exercise his leverage as he seeks a contract extension.
Amazon reaches US$1 trillion in market value
Amazon's success pushed Jeff Bezos, founder and CEO, to the top of Forbes' billionaires list this year. The stock gained 2% to hit the magic number of $2,050.27, or R31,356, per share on Tuesday .