Why Jack Ma Resigned as Alibaba CEO - News Interns: Economic , International , Ranking, Pakistan News


Friday, September 13, 2019

Why Jack Ma Resigned as Alibaba CEO

Why Jack Ma Resigned as Alibaba CEO

JackMa Stepped Down as CEO

Jack Ma resigned as CEO of Alibaba. The World famous person stepped down of World famous online store. In his interviews, he gave many signs about his future decisions and a few days back he took that decision officially. Once Jack Ma said, “When you turn 50 give your position to upcoming people.” Because they can manage it much efficiently than an old rusted CEO. He proved his actions as per his statements. The former English teacher Jack ma turned back as English Teacher, however, Jack ma is still a member of the board of governors of Alibaba. Under his guidance, Alibaba set the new records of glory. 

As per Wikipedia, Alibaba is World’s 4th Largest Internet Company. Ahead than Facebook, eBay and billions more. Founded back on 4 April 1999. Jack ma put his days and nights in letting Alibaba achieve this success. For a fact, AliBaba has also many more websites in subsidiaries i.e. Daraz.pk.

Jack Ma Resigned as Alibaba CEO

Alibaba is the biggest online eCommerce wholesale site having almost 87000 Employees. For a fact, Alibaba gets 57 Million order every day. In FY19, the company earned lump sum revenue of RMB 376.8 Billion (RMB, Chinese Currency). Being the guru of eCommerce the company is only competing with Amazon.com in the eCommerce market. Jack Ma the English teacher is the character behind this success story. For a fact, currently, Jack ma has shares of almost 9% in Total Alibaba’s shares, Remaining are owned by different mega-companies and investors. The 21st most Richest Man in the World and 1st in China, Jack ma holds the net worth of $38.6 Billion. As we said earlier, now Jack ma is 55 years old billionaire. Keeping his motivational hard talks in mind he decided to implement his words in his life. Jack Ma resigned as CEO of AliBaba.com.

Ma also has invested billions in many other sectors of the World. Ma has decided to pursue his career as a high school English teacher. His vision is to teach more youngsters the secret and lessons of achieving success like him. In this regard, he says youngsters are the future of the World and we should teach children those ways of decoding the meaning of Successful life (Also Read: Meaningless Meaning of Life). With this all, the only thing came to mind is, he proved his words and undoubtedly is one of the world-famous and successful people of this modern era whom new seekers should follow. His all sayings are unbiased and honest advice. Here, we share three (3) of JackMa’s all-time popular sayings:

“Never give up, today is Hard, tomorrow will be Worse, But the day after tomorrow will be Sunshine  .
  #Jack Ma 

“The lessons I learned from the dark days at Alibaba are that you've got to make your team have value, innovation, and vision. Also, if you don't give up, you still have a chance. And, when you are small, you have to be very focused and rely on your brain, not your strength  .
 #Jack Ma

“The world needs new leadership, but the new leadership is about working together  .
                                                                                                                                                           #Jack Ma

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