Ma Yun, the founder of Alibaba Group, entered the age of 55 on September 10. He officially retired as chairman on the same day and was replaced by CEO Zhang Yong. Ma Yun founded Alibaba in 1999 to build an electronic business empire. In the past 20 years, Ma Yun has become China’s richest man. Even foreign media described him as China’s Steve Jobs and became a well-known entrepreneur in the West. Now that he has retired behind the scenes, the BBC described it as the beginning of a new era in Alibaba.

The Wall Street Journal: It’s hard to have another Ma Yun in the short term.

According to the report, Ma Yun is a charming leader. Ma Yun’s arrogant remarks have gained popularity both at home and abroad. For example, he has publicly encouraged employees to work not only to work 72 hours a week, but also to work hard to “create people”. The report believes that the government under the rule of Chinese President Xi Jinping tends to promote state-owned enterprises, while tightening supervision over private companies, causing business leaders to worry that they are too eye-catching. Therefore, I am afraid that China will not appear as prominent as Ma Yun in the short term.

Bloomberg: Ma Yun is still very important

Bloomberg said that Ma Yun has rapidly emerged as an e-commerce giant, which is the epitome of China’s leap forward becoming the world’s second largest economy. Since Ma Yun became chairman of the board in 2013, as of the end of March 2019, Alibaba’s revenue increased by 1,100% to RMB 378.8 billion. Ma Yun was also the richest man in Asia in 2016.

Although Ma Yun officially retired behind the scenes, his role is expected to remain important to Alibaba. Brock Silvers, managing director of Kaiyuan Capital, believes that Zhang Yong may not make a major decision without the support of Ma Yun.

BBC: Charm Cheng Mayun Maximum property

Alibaba has grown from an online shopping platform to an e-commerce giant and has invested in financial services and artificial intelligence technologies, including the launch of Alipay, an electronic payment platform. The British Broadcasting Corporation (BBC) quoted Duncan Clark as “Alibaba: The House That Jack Ma Built”, saying that although there is no technology-related background, there is no specific advantage in finance. However, Ma Yun’s charm and strategic vision are his greatest asset, able to convince customers, employees and important shareholders.

Clark and Ma Yun met for the first time in the year before, and the latter threatened to lead Alibaba into the world’s top ten Internet companies within ten years. Clarke described it as an unwilling ambition, but Ma Yun can make people believe.

“The Figaro”: “Retirement” is an exaggeration

France’s “Le Figaro” also quoted Clark as saying that Ma Yun “retired” is an exaggeration. He is a permanent partner of Alibaba. He has no retirement system and still has the right to choose leaders. As a member of the Communist Party, Ma Yun’s retreat behind the scenes will reduce the risk of forming a tense relationship with the government and give him more freedom. The report also quoted the evaluation of Weibo users, describing Ma Yun as the most intelligent and wealthy in China, and knowing the truth of “shooting the birds”.


Sign Up for Our Newsletters

Get notified of important news and special executive deals.

You May Also Like

Huawei receives huge US $ 75 billion support from the Chinese government to help the company rise globally

According to the American media, in the process of rising to become…

British media said that Jordan is dissatisfied with the performance of Chinese-made drones and resells them in the media: Jordan just has no money.

The Royal Jordanian Air Force released the news of the sale of…

KGRA Prof Dr Ayla Aldjufrie MBA entering Gulf Region bringing Wellness and Infrastructure Opportunities from Asia Pacific

KGRA Prof Dr. Ayla Aldjufrie MBA founder and chairman Ayla Associate Group…

Businesswoman and CEO Hanen Benabdeladhim is making an impact

A self-made businesswoman, Hanen Benabdeladhim, is making market-moving moves between the private…

Exceptional Customer Service: Exceeding Expectations with a New Philosophy

Excellent customer service is more than a transaction; it is an experience.…

Nguyen Thi Quynh Trang: Assisting women in the pursuit of allure and success

Nguyen Thi Quynh Trang, the chairwoman, and CEO of Arina Beauty Clinic, was previously the first runner-up in Fitness Model Vietnam 2018. She joined WLIN Global Holdings as a WLIN Partner and founded WLIN Arina, a club directly associated with WLIN Global, the Women Leaders International Network.

WLIN Global Holdings accompanies the program “Mega Us Expo 2022 : Korea – Vietnam Trade Fair”

The program “Mega Us Expo 2022: Korea – Vietnam Trade Fair” will…

Entrepreneur Lotus Vu: Assisting women leaders in making prosperous connections

Lotus Vu is the CEO of Rolux Gold, which specializes in supplying…