Ma will hand over the keys of his company to 46-year-old Daniel Zhang in an unprecedented succession plan that will slowly take the focus off one of China's most recognisable corporate names over the next 12 months, the Post report said. Ma will also serve on the Alibaba board of directors until the firm's annual shareholders meeting in 2020.
Finally, the group added clarity to a confusing picture when it issued a statement, saying he would relinquish his role as executive chairman when he turns 55 on September 10, 2019.
The total value of goods sold on all of its platforms rose 28 per cent over 2016 to 4.8 trillion yuan ($768 billion), according to the company.
"But where Jobs died, Ma is expected to stay on in an advisory role, so there shouldn't be too much impact".
In an interview, Ma said his retirement is not the end of an era but "the beginning of an era".
Zhang's promotion is likely to mean continuity in business, but it will bring a change in leadership style.
With a marketing phenomenon known as Singles' Day, the company eclipses the two biggest shopping events in the US - Black Friday and Cyber Monday.
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I think a real apology has to be done privately, not just read publicly, and I read it with the rest of the world. He was always departing (the festival) early so he could be home to spend the Jewish holiday with his wife.
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Zidane would likely be among those taken into consideration if he remains without a job. The same report claims Juve are interested in bringing Paul Pogba back to the club.
Mr. Erisman said Mr. Ma told him a few years ago that he "never considered himself as a business person but more as an artist or a teacher".
Ma, a former English teacher, founded Alibaba in 1999 in an apartment in the eastern city of Hangzhou to connect Chinese exporters with foreign retailers. An investment from Japan's SoftBank Group Corp. helped the company expand to allow consumers in China buy online and fueled its rise.
Ma has remained the public face of Alibaba and is a charismatic advocate for his country's technology industry, showing off his wit and dispensing folksy wisdom on the global stage. "This transition demonstrates that Alibaba has stepped up to the next level of corporate governance from a company that relies on individuals, to one built on systems of organizational excellence and a culture of talent development", Ma wrote.
Alibaba has since moved into cloud computing, digital payments, health care, Hollywood movies and backing China's startups.
Mr. Ma's charisma and zeal for the limelight made him the flawless front man for China's emerging tech industry, observers say, sending a message to China's young and ambitious that there were opportunities beyond government work and stodgy state-owned enterprises. "He has understood Chinese consumer needs better than anyone and provided online services to meet them through convenience, entertainment and efficiencies". "There's a lot of things I can learn from Bill Gates".
Jack's passion for education and philanthropy is no news. "All these things that I've been preparing for 10 years", he said, who is now China's richest man. "But it's his thoughtfulness and humility that is most impressive as a leader", he said. Has Alibaba peaked? Does Ma think China has peaked?
But he doesn't have the same star power that founders in China's large tech companies hold, including Mr Ma, Baidu Inc's Robin Li and Tencent Holdings Ltd's Pony Ma.
"On a day-to-day basis, Alibaba shareholders probably have little to fear", said Silvers.