Image Source: AsiaOne
Jack Ma steps down next week as chairman of Alibaba, but the start-up he built into an online retail behemoth is expected to keep thriving into a new era thanks to a culture of innovation he helped nurture. A former English teacher whose often playful image shattered the stereotype of the drab Chinese executive, Ma officially leaves on Tuesday, his 55th birthday. Ma plans to put his vast fortune -- among China's biggest at $41 billion (S$56 billion) -- into initiatives serving his first love, education, following the footsteps of a fellow tech innovator he admires: Bill Gates. The departure of charismatic founders from big tech companies typically causes hand-wringing and wobbling share prices, but not at Alibaba. The company's operational reins have for a couple of years now been in the hands of a respected team of executives who have kept it on e-commerce's cutting-edge. Ma was Alibaba's driving force and a frequently irreverent ambassador for the company, known for stunts like a Michael Jackson-inspired dance at an Alibaba anniversary celebration two years ago and starring in his own kung fu short film.
Source: AsiaOne