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.
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.