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Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'

December 2, 2016 9:49 AM EST

REUTERS/Aly Song

(Updated - December 2, 2016 9:57 AM EST)

Alibaba's (NYSE: BABA) Jack Ma underlined his plans to move on from the company he founded at a conference in Hong Kong Friday that was broadcast live on Facebook, Nikkei reported.

"I don't want to die at the office," Ma said. "For e-commerce, I've already spent 17 years to build it. I want to retire early. I really want to ... start [looking] at the world."

Ma has already passed the to-day operation of the group by tapping successor Daniel Zhang Yong as CEO.

Ma didn't elaborate if he would step down as chairman, and didn't provide a timeline for his retirement.



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