New Delhi : Jack Ma, the world's leading industrialist and founder of e-commerce giant Alibaba, has taken retirement from the company. Ma made this announcement at the Olympic Sports Stadium in Hongzhou City, China, among 80,000 people. After he leaves, the company will take over the reins of Daniel Zhang. The Alibaba Group is a $ 460 billion company. Jack has said in the past about his retirement that he is influenced by Bill Gates and wants to retire like him.

On the other hand, changing the leadership of big companies will affect the company's share prices, but this has not happened in the case of Alibaba. The reason for this is the height and identity they have given to the company. He is known for his contributions to China's economy, online businesses and the Internet.

The number of employees in Alibaba reached close to 66 thousand. After retirement, he  will not only do educational work, but will also donate $ 41 billion of their wealth to educational institutions. Jack Ma has also been in controversies many times over his statements. Alibaba has also invested heavily in India. Alibaba has also invested in Paytm, online grocerie company BigBasket, Jomato etc.

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