TIANJIN, China (Reuters) - Jack Ma, the charismatic billionaire co-founder of Chinese e-tech giant Alibaba Group Holding Ltd, said he would not look to return as the firm's executive chairman after he steps down next year even if his successor faces problems.
"I don't want to die in the office, I'd rather die on the beach," Ma said on Thursday during an event at a World Economic Forum summit in the Chinese coastal city of Tianjin.
Ma announced earlier this month that he would step down as chairman of the country's top e-commerce company next September and focus more on philanthropy. He will hand the reins of his empire to current CEO Daniel Zhang.
(Reporting by Kevin Yao, Writing by Adam Jourdan; Editing by Himani Sarkar)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
