U.S. markets open in 4 hours 35 minutes
  • S&P Futures

    4,162.25
    -29.25 (-0.70%)
     
  • Dow Futures

    34,016.00
    -81.00 (-0.24%)
     
  • Nasdaq Futures

    12,665.50
    -181.25 (-1.41%)
     
  • Russell 2000 Futures

    2,008.40
    +0.50 (+0.02%)
     
  • Crude Oil

    76.20
    +0.32 (+0.42%)
     
  • Gold

    1,927.90
    -2.90 (-0.15%)
     
  • Silver

    23.56
    -0.06 (-0.25%)
     
  • EUR/USD

    1.0929
    +0.0018 (+0.16%)
     
  • 10-Yr Bond

    3.3960
    0.0000 (0.00%)
     
  • Vix

    18.34
    +0.47 (+2.63%)
     
  • GBP/USD

    1.2239
    +0.0010 (+0.08%)
     
  • USD/JPY

    128.5790
    -0.0250 (-0.02%)
     
  • BTC-USD

    23,440.45
    -365.21 (-1.53%)
     
  • CMC Crypto 200

    535.17
    -10.14 (-1.86%)
     
  • FTSE 100

    7,842.04
    +21.88 (+0.28%)
     
  • Nikkei 225

    27,509.46
    +107.41 (+0.39%)
     

Jack Ma Gives Up Position In China's Prestigious Guild - Read Why

  • Alibaba Group Holding Limited (NYSE: BABA) co-founder Jack Ma stepped down as the General Association of Zhejiang Entrepreneurs president, a position he has held since 2015.

  • Ma, now 58, continued his post-retirement tour of food-related businesses and farms worldwide, SCMP reports.

  • Nan Cunhui, the chairman of the electric parts maker Chint Group, succeeded Ma as the head of the prestigious guild in his home province, an area in China long-known for private entrepreneurship.

  • Also Read: Alibaba And Other Chinese Stocks Decline Premarket On Weak Macro Data, Dismal Projection From Analysts

  • The guild offered Ma a prestigious backdrop to articulate entrepreneurship, management, and governance, and now it provided him with an honorary title as an adviser.

  • Ma retired and stepped down as Alibaba’s executive chairman in 2019. Ma does not look to live abroad permanently.

  • Ma will go to Southeast Asia for a similar look at agriculture-related businesses.

  • Ma, who spent one in every three days of the year traveling in 2018, scaled back his schedule significantly in retirement.

  • He spent the past three months in Japan, where he examined the operations of farmed fishery technology, extending his interest in sustainable agriculture and the food industry.

  • Ma visited the Oshima station of the Kindai University’s Aquaculture Research Institute in Japan’s Wakayama prefecture in September when he turned 58.

  • Ma looked to bring home later the advanced agricultural technology he learned from other countries.

  • He visited a research institute in the Netherlands in October 2021 to acquaint himself with food-related technology, including agricultural infrastructure, plant breeding, and the training of experts in the field.

  • Ma believed that combining the latest technology would create tremendous potential for the modernization of agriculture in China and developing countries.

See more from Benzinga

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.