According to South morning reports, Ma Yun will announce the inheritance plan on September 10th (next Monday) on the 54 th birthday.
According to Nan Zao, Ma Yun denied that the announcement of the inheritance plan at this time was due to the changing business environment in China. "Anyone who knows me knows that I am a person who embraces the future. This is not about retirement, leaving office or abdication. This is a systematic plan. I hope to devote my time to many things.education"Environment and public welfare."
Nanzao reported that this would make Alibaba a rare Asian company, deliberately separating its corporate architecture and day-to-day operations from its founders. In less than 20 years, Ali's founders have invested in building a corporate governance system that will sustain the company's growth.
Many of Alibaba's businesses are now led by a group of executives: Zhang Yong is CEO, Hu Xiaoming isAli cloudPresident, Daisy is in charge of B2B enterprise group, Yang Weidong is president of Alibaba Cultural Entertainment Group, Jiang Fanshi is president of Taobao and Jingjie is president of Tianmao.
Since Mr. Ma handed over the CEO position to Mr. Zhang in 2013, he has drawn from Alibaba's day-to-day management, devoting more time and wealth to public welfare and founding the Ma Yun Public Welfare Foundation.
In fact, in an interview with Bloomberg TV at the Hangzhou Public Welfare Congress, Ma Yun revealed that he would devote more attention to education and public welfare. He loved teaching and hoped to return to class.
"In the field of education, I can do something unique, different, Ma Yun-style thinking," Ma said in an interview with Bloomberg. I'll learn a lot from the world's great philanthropists like Bill Gates and Warren Buffett, but I want to do something in my own way.
Nanzao reports that Ma Yun has already made a lot of business trips and will travel to Russia next week to witness the Internet company Mail. Ru owned by Alibaba and Russian giant Alisher Usmanov, as well as the Russian Direct Investment Fund (RDIF), Russia's sovereign wealth fund. Formal cooperation. He will also speak on investor day in mid 9.
Ma Yun will also visit Cape Town, South Africa, promising that South African President Cyril Ramaphosa will set up a digital training center to train young people to start businesses.