He has told the New York Times that he will now focus on philanthropy in education. Customers use its e-commerce platforms to order products that a year ago saw package deliveries reach 55 million a day.
Xi has tightened control over businesses, especially ones that allow people to communicate over the Internet, and gone after billionaires who have mismanaged companies, allegedly committed crimes, such as bribery, or run afoul of Chinese politics. The Chinese economy is also facing slowing growth and increasing debt, and the country is embroiled in an escalating trade war with the United States.
He will turn 54 on Monday, which is also a holiday in China known as Teacher's Day.
One of the world's richest men and a revered figure in his homeland of China, Mr Ma said it was "the beginning of an era, not the end".
"This is something I think I can do much better than being CEO of Alibaba", he told Bloomberg TV recently.
Tropical Storm Gordon takes aim at Gulf Coast
Sea levels could rise as much as 5 feet (1.5 m) from Shell Beach, Louisiana, to Dauphin Island, Alabama, forecasters said . The hurricane center also is monitoring a tropical wave a few hundred miles south-southeast of the Cabo Verde Islands.
"There are a lot of things I can learn from Bill Gates". The New York Times is blocked in China by Communist Party censors and there was no official statement from Alibaba on Saturday.
Ma's net worth is $39.9 billion, according to Bloomberg's Billionaires Index.
As per a Reuters report, while Ma's retirement marks a milestone in the company's history, analysts believe and industry insiders believe that it is highly unlikely that his involvement in the company will change significantly.
Ma is stepping back at a tricky time for Chinese tech firms.
If he were to leave the company he founded in a Hangzhou apartment, it would remain controlled by the partnership structure, which enables a group of executives at Alibaba and affiliates to decide on board nominations.
He retired as Alibaba's chief executive in 2013, eventually handing the reins to his protege Daniel Zhang, but he remained active within the company, providing strategic direction as chairman.
Today, Alibaba's empire encompasses e-commerce, online banking, cloud computing, digital media and entertainment - and even a corporate messaging service similar to Slack.
In 2014, he created the Jack Ma Foundation, which has worked to improve education in rural China.
Speaking at an event in Australia in 2017, Ma explained his view on philanthropy. "I can never be as rich, but one thing I can do better is to retire earlier", he said.
Amazon tops US$1 trillion in stock market value
In the second quarter, AWS booked $6.1 billion in sales (up 49%), and generated an operating income of $1.64 billion (up 79%). A major contributor to the company's massive profits has been its cloud business, Amazon Web Services (AWS).
Trump's lawyers have dangled written answers as a possibility, and Mueller's team appeared receptive to it as an interim measure. Trump's personal attorneys, Rudy Giuliani and Jay Sekulow, declined to comment.
Pressley is now poised to become the only black member of Massachusetts' mostly male congressional delegation. Representative Michael Capuano , who had not faced a primary challenge since he was first elected in 1998.
Furyk will name his final pick on Monday, following this weekend's penultimate PGA Tour event, the BMW Championship. The 42-year-old joins Phil Mickelson and Bryan DeChambeau as the three captain's picks for this year's Ryder Cup.
On the Mississippi Gulf Coast, 12 casinos that were ordered closed Tuesday were given permission Wednesday to open at noon. A storm surge covered barrier islands as the storm blew through, and some inland roadways were flooded by the rain.
The excerpts said aides sometimes tried to limit what they saw as damaging behaviour by disregarding his instructions. He accused the media of trying to undermine the Trump administration and said he found that "incredibly disturbing".
Mack, the 2016 Defensive Player of the Year, was looking for a new contract and had been holding out of Raiders camp. Hearing about Mack's departure was tough to take, though they were happy he got a monster deal.
As the number of accusations escalated, Netflix cut Spacey from his lead role in the award-winning series House of Cards . Seagal is still under scrutiny for another alleged sexual assault , although the details of the accusation are unclear.
And Messi believes that Ronaldo's move has helped install Juventus as firm favourites for the Champions League in 2018-19. What makes Ronaldo a prime candidate for the FIFA's best player award is his UEFA Champions League win with Real Madrid .
McCain's opposition to repealing Obamacare was just one of many problematic moments for the Republican Party. McCain was a prisoner of war during the Vietnam War and spent more than five years as a POW in Hanoi.
India, US seal defence pact
Europe, Russia, and China are now working with Iran to map out a potential course without the US. New Delhi has formerly said it will not comply with unilateral sanctions on Tehran.
Neymar Picks His 2018/19 Premier League Top 4
That would be another excellent addition to the Reds squad but they'll no doubt face competition from Barcelona and other clubs. Klopp has been a long-time fan of Rabiot, having tried to sign the midfielder even during his time with Borussia Dortmund.
Google Celebrates Chrome’s 10th Birthday With A New Look
For the developers out there, Google has introduced a bevy of new features, including Scroll Snap for CSS and display notches . Yes, it's nearly hard to believe that Chrome is both just 10 years old and already 10 years old at the same time.
Former Arizona US Sen. Jon Kyl to replace John McCain
One of the first votes he will cast when he is sworn in as senator will be on the confirmation of Kavanaugh to the high court. We are all saddened by the circumstances that required this appointment and appreciate there was only one John McCain.