Jack Ma: It's only a matter of time to leave Alibaba. I have designed what to do after retirement

　　On March 27, Alibaba Chairman Jack Ma, 53, said at Lakeside University that he had arranged the company's succession system. If he left Alibaba now, the company would not have too many problems, but there is no specific timetable for retirement.

　　On the same day, Lakeside University founded by Jack Ma held the opening ceremony of the third student class. Entrepreneurs from Giant Network, Chairman of Giant Network, Liu Chuanzhi, Chairman of Lenovo Holdings, Guo Guangchang, Chairman of Fosun Group, and Qian Yingyi, Dean of the School of Economics and Management of Tsinghua University, witnessed the witness. Luo Zhenyu, founder of Luo Jisiwei, founder of Baby Tree, founder of Baby Tree, and Hu Haiquan, co-founder of Jujiang Culture, and other entrepreneurs from all walks of life entered the third student class plan.

　　In the afternoon of that day, Jack Ma rarely shared for nearly 3 hours. During the Q&A session, some students were interested in Jack Ma’s personal planning and asked with a smile: “What is the progress of your succession plan as the chairman of Alibaba’s board of directors?”

　　Jack Ma said that he decided in 1995 that he would go back to be a teacher in 2005, but he did not expect that, "The competition with eBay in 2005 was in a hot state. It would be irresponsible to go back at that time, so I thought about it in a few more years."

　　"Today I can say this. The problem of leaving the company is not too big, but when does it involve information disclosure regulations for listed companies? Last year I flew in the air for 820 hours, which means I stayed less and less in the Hangzhou company, but the two systems are developing faster and faster." Jack Ma said.

　　"I think it's only a matter of time before leaving Alibaba today. I'm also preparing for my retirement." Jack Ma said, "I have designed the things after retirement very well. I look forward to going there one day every day." The scene burst into laughter.

　　According to information, Jack Ma graduated from the Foreign Languages ​​Department of Hangzhou Normal University in 1988, and served as a teacher in English and international trade in the same year. In 1995, he founded China's first Internet business information website, "China Yellow Pages", and founded Alibaba in 1999.

　　By 2009, I felt that it might be almost the same, but I found that my decision was a bit blind. At that time, Alibaba had a lot of businesses, including B2B, Taobao, Tmall, etc. The entire Alibaba had no successor system, and it would be a bit difficult for anyone to take on this company. "Jack Ma said: "In 2009, the CEO successor started training, and by 2012, I resigned as CEO of Alibaba Group. So far, today the CEOs of the two groups (Alibaba Group and Ant Financial Services Group) are basically (can take responsibility). "In May 2013, Lu Zhaoxi was appointed CEO of Alibaba Group. In May 2015, Zhang Yong took over as CEO of Alibaba Group. In March 2013, Peng Lei served as CEO of Ant Financial Group. In October 2016, Jing Xiandong took over as CEO of Ant Financial Group.

　　Jack Ma is currently the chairman of Alibaba's board of directors.

　　Last week, Jack Ma also talked about retirement during his speech at the Global Transformation Forum (GTF) in Malaysia. "We can't choose what kind of family we are born in, but we can decide where we die and how we die... I don't want to die in my office, I will retire, I will die on the beach," Jack Ma said.

　　Some comments said that in conventional operations, some companies have strategies formulated by the company's board of directors and executed by the CEO. In response, Jack Ma said that the CEO must formulate the company's strategy and execute it, and the board of directors has the right to understand the approval, but does not have the right to formulate it.

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