China | Alibaba | Jack Ma abandons the address of the online commerce giant


The charismatic Chinese businessman Jack ma He left, on Tuesday, after years at the head of Alibaba, the company he founded in 1999 and revolutionized the online commerce in China, deeply marking the economy of the Asian giant.

This former English teacher, who turns 55 on Tuesday, will pass over to a team of respected leaders, including Daniel Zhang, CEO since 2015.

Jack Ma, one of the richest men in China, with a fortune estimated at 41,000 million dollars, wants to devote himself to philanthropic projects, including education.

His departure marks the beginning of a new era for a company that was able to take advantage of the Internet hatching in China and opted for the growth of domestic consumption, in a country that is now the leader of internet commerce.

Eccentric businessman

The entrepreneur, who himself recognizes a certain physical resemblance to E.T. (the famous alien from the Spielberg film), is also known for its eccentricities. In 2017, he dressed up as Michael Jackson at a gala, an image far removed from the impassibility of many Chinese leaders.

"His experience as an English teacher, along with his charisma and his sense of humor, have made him the Emblematic figure of Chinese businessmen abroad, "says Duncan Clark, author of book "Alibaba: The House That Jack Ma Built".

"Its influence as a symbol of Chinese entrepreneurship is unmatched," he says.

Jack ma he discovered the internet on a trip to the United States in the 1990s, when he was an entrepreneur without resources.

After several projects in China, without great success, he convinced a group of friends to lend him $ 60,000 to launch an online trading company, Alibaba, in 1999.

Rigorous successor

The company, which is listed in the United States, has a value of 462,000 million dollars, according to the Bloomberg financial agency.

Jack ma, who could keep some advisory functions in the company, did not comment on his withdrawal.

His successor, Daniel Zhang, is known for his rigor and rarely appears in public. However, the Chinese press says it was he who turned the "tractor" of Jack Ma into a powerful "Boeing 747" of commerce on the internet.

"You have to be awake every minute, you have to keep your eyes open during sleep," Daniel Zhang had said last year.


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