Alibaba co-founder Jack Ma to retire: New York Times

Kevin

Reuters September 7, 2018, 11:26 PM GMT



Jack Ma, founder of Chinese e-commerce giant Alibaba, gestures during the launch of Alibaba's office in Kuala Lumpur

Jack Ma, founder of Chinese e-commerce giant Alibaba, gestures during the launch of Alibaba's office in Kuala Lumpur, Malaysia June 18, 2018. REUTERS/Lai Seng Sin/File Photo

(Reuters) - Billionaire Jack Ma, Alibaba Group Holding Ltd's <BABA.N> co-founder and executive chairman, is retiring from the company, the New York Times reported on Friday.

Ma was quoted as telling the paper he would step down on Sept. 10 to pursue philanthropy in education.