Ma co-founded Alibaba with 17 other people in 1999. He will focus on his Jack Ma Foundation and dedicate his time to improving education, he told the Times. "I think some day, and soon, I'll go back to teaching".
Ma, who boasts a net worth of almost $40 billion(€34 billion), making him China's richest man, said he would use his retirement to focus on his philanthropic work, mainly around education.
It remains unclear whether Alibaba will appoint a new chairman after Ma formally retires from the company on Monday.
Alibaba co-founder Jack Ma is China's third richest person with a net worth of $36.6 billion. 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.
Ma, 53, is also China's wealthiest individual.
Ma was born in September 1964 to Chinese traditional musician-storytellers living in Hangzhou, an ancient capital that has become a global hi-tech hub and bastion of entrepreneurship, in part because of Alibaba's base there. Alibaba is China's largest corporation and, with a listing on the New York Stock Exchange, is now valued at $420 billion.
Nick Foles will start for Eagles vs Falcons in season opener
But on Monday, he made his decision public, announcing to Dave Spadaro of PhiladelphiaEagles.com that Foles would be the starter. It had been reported earlier this week that Foles would start, but the Eagles did not confirm that until Monday morning.
Richard Liu, the billionaire founder of Alibaba's main competitor JD.com, was briefly arrested in the USA over a rape allegation last week. China's biggest e-commerce firm, it now has more than 66,000 full-time employees, according to the company's latest annual filing.
As per a Reuters report, while Ma's retirement marks a milestone in the company's history, analysts believe and industry insiders believe that it is highly unlikely that his involvement in the company will change significantly. "I love education", he said.
Ma said he sees himself as an accidental executive.
Ma is stepping back at a tricky time for Chinese tech firms. "I can never be as rich, but one thing I can do better is to retire earlier".
Alibaba has one of the strongest management teams in corporate China and even if he steps down, Ma is likely still to have a role in setting top-level strategy, says Brock Silvers, MD of Kaiyuan Capital.
Notably, while Ma had stepped down as the Alibaba CEO nearly eight years back, he remained the face of the company at top political and business events and he played an important role in devising the company's long term strategy.
For Osaka, who is 20, this is her first trip past the fourth round at a major. "I hate matches like this", said Tsurenko. Cilic has made two grand slam finals since but Nishikori has never been back and will now take on either twice U.S.
Read the full report at Fox News . "Big Republican interests keep winning 5-4 partisan decisions: 73-0, Mr. That's far more than for any previous Supreme Court nominee, but millions of pages have been withheld.
But Turkey, whose army has a string of observation posts around the edge of the rebel area, has warned against such an offensive. That would bring Assad close to reclaiming the major strategic prize in the region, two arterial highways running to Aleppo.
The excerpts said aides sometimes tried to limit what they saw as damaging behaviour by disregarding his instructions. With such a wide circle of potential suspicion, Trump's men and women felt they had no choice but to speak out.
Pressley also represents the latest underdog candidate to have emerged to challenge both establishment Democrats and Republicans. In the event that Republicans hold onto a majority in the House, the situation is more complicated for Pressley.
The 26-year-old was then eliminated from the show, clearly heartbroken by not being able to continue things with Becca. He was sent home and came into this summer's Bachelor in Paradise still wounded and conflicted about commitment.
"History owes the LGBT community an apology for their sufferings", said Justice Indu Malhotra , who was also part of the bench. The law, while in existence, called for a maximum sentence of life in prison if one were caught taking part in homosexual acts.
The success of Smokey and the Bandit , though, had a bit of a surprisingly negative effect on Reynolds' career as an actor. He also earned People's Choice Awards in 1979, 1982 and 1983 as all-around male entertainer of the year.
Mr Trump lashed out at the author of the anonymous piece - and at the "dishonest" Times . "You know I'm very open to you". FILE - White House press secretary Sarah Sanders speaks during a press briefing at the White House, May 7, 2018.
The pressure is on the Cowboys now to make the Seahawks an offer they would accept, and so far, that hasn't happened. That has led to a stalemate that has had Seattle entertaining trade offers for Thomas since last spring.
However, train services in the Sealdah-Budge Budge section, which also passes under the bridge , was not affected, he said. Traffic from various parts of South 24 Parganas and Behala were also diverted from the Diamond Park area, an officer said.
Rafael Nadal withdraws from US Open
Open match, showed signs of distress nearly from the start as he limped noticeably after a grueling 69-minute opening set. Rafael Nadal felt the pain sear into his right knee early in his US Open semifinal, on what he called "a bad movement".
‘Captain Marvel’ Star Sheds Light on the MCU’s Photon
Marvel has indicated that Captain Marvel will be the new face of the franchise after the " Avengers " films come to an end. And she can be headstrong and reckless and doesn't always make the flawless decisions for herself.
Are the Steelers sending a message to Le’Veon Bell?
Tomlin said he hasn't communicated with his star running back this week, and he was vague on expectations for Bell's arrival. Bell is due to make $14.55 million under the one-year franchise tag , which he has yet to sign.
White House Denies John Kelly Called Trump an 'Idiot'
He tried several times to reach the president himself for an interview , according to the Post , but was not successful. Mr Trump compares his first chief of staff, Reince Priebus , to a rat. "It's just made up ", he told the Daily Caller .
Jon Kyl to replace John McCain as senator
One of the first votes he will cast when he is sworn in as senator will be on the confirmation of Kavanaugh to the high court. The Kyl pick could allow Ducey to have his uncontroversial caretaker - and his long-term, far-right Senate appointment, too.