You might like<\/strong>How Many Shares Does Elon Musk Have In Twitter<\/span><\/div><\/a><\/div>Alibaba founder Jack Ma is stepping down as executive chairman on May 10, 2019, the company has announced. Ma, who helped found Alibaba in 1999, said he was leaving at the age of 48 because he no longer felt young in today’s Internet business, according to a post on the company’s Alizila site. A successor could be named on May 10. Ma will remain on Alibaba’s board of directors and continue to mentor Alibaba’s management.<\/p>\n
Alibaba Group’s corporate campus is located in Hangzhou, China. The principal executive offices of our main operations are located at 969 West Wen Yi Road, Yuhang District, Hangzhou, China.<\/p>\n
Is Jack Ma still the richest <\/h3>\n
Jack Ma is the founder and executive chairman of Alibaba Group. He is the wealthiest person in China, with a net worth of $41 billion as of January 2019, according to Forbes. He is also the 34th wealthiest person in the world.<\/p>\n
Jack Ma, the billionaire co-founder of Chinese tech giant Alibaba, owns a 39% stake in the company, according to a filing with the US Securities and Exchange Commission.<\/p>\n
The filing, known as a 13D, was made in February 2022. In it, Alibaba disclosed that Ma holds the shares directly and through holding companies, including APN, a Cayman Islands-based company in which he has a 70% interest, JSP Investment, and JC Properties.<\/p>\n
Alibaba is China’s largest e-commerce company and one of the world’s most valuable tech firms. Its annual revenue exceeds $60 billion.<\/p>\n
Ma stepped down as Alibaba’s executive chairman in September 2019, handing over the reins to current CEO Daniel Zhang. He remains on the board of directors and is a member of the Alibaba Partnership, a group of 36 people with special privileges and responsibilities.<\/p>\n
Why is Alibaba punished? <\/h2>\n
The MIIT has said that it will suspend its collaboration with Alibaba Cloud as a cyber threat intelligence partner due to the fact that the company did not inform the government first about the discovery of the Log4Shell vulnerability. This is a temporary measure while the MIIT investigate the matter further.<\/p>\n
Alibaba’s growth has been affected by the COVID-19 pandemic, as lockdowns have limited the company’s e-Commerce and logistics operations. In its most recent fiscal year, Alibaba reported its weakest growth on record, with top line growth slowing to 0%. The company is hopeful that the situation will improve in the coming quarter, but it remains to be seen how much of an impact the pandemic will have on Alibaba’s long-term growth prospects.<\/p>\n
Final Words <\/h2>\n
To contact Jack Ma, you can send him an email at jack@alibaba-inc.com.<\/p>\n
The best way to contact Jack Ma is through email. His email address is __________.<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":4516,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/posts\/1614"}],"collection":[{"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/comments?post=1614"}],"version-history":[{"count":0,"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/posts\/1614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/media\/4516"}],"wp:attachment":[{"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/media?parent=1614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/categories?post=1614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/tags?post=1614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}