Alibaba chairman Jack Ma is getting ready to quit, and says he's following the Bill Gates playbook (BABA)

Sean Gallup/Getty Images

• Chinese tech billionaire Jack Ma is getting ready to leave his role at Alibaba.
• He told Bloomberg he is dedicating more time and money to building his philanthropic foundation for education.
• The move mirrors that of Bill Gates before he left Microsoft.
• It's not clear exactly when Ma will leave Alibaba.
• Ma is currently the chairman and co-founder of the e-commerce giant. He was CEO until 2013.

Jack Ma, one of the richest people in China, is getting ready to quit his job as chairman of Alibaba.

Ma, who co-founded the e-commerce conglomerate, is dedicating more of his time and money to building his philanthropic foundation, the 53-year-old billionaire told Bloomberg on Thursday.

See the rest of the story at Business Insider

NOW WATCH: How a Wall Street chief strategist's Costco shopping experience explains the biggest misconception about global trade

See Also:

• One of China's richest men was arrested in the US on sexual misconduct allegations, then left the country
• One of China's richest men was arrested in the US on sexual-misconduct allegations
• This map shows the huge international reach of Costa Coffee, the mega-chain which Coca-Cola just bought for $5.1 billion

SEE ALSO: Here's how to watch the Jack Ma's kung fu movie, where he defeats 8 celebrity martial artists with the power of tai chi

READ MORE: The incredible and inspiring life story of Alibaba founder Jack Ma, one of the richest people in China

from Business Insider https://ift.tt/2MXHGJ9