Year-ender: Businessmen who made headlines in China

Jack Ma

The Alibaba founder completely retired from the company on his 55th birthday on Sept 10 this year.

Alibaba was founded in 1999, and later went public on the New York Stock Exchange in 2014 and on the Hong Kong Exchanges and Clearing Market in 2019 in succession. Its market value reached HK$4.23 trillion by Dec 6 based on the HKEX and $534.67 billion by Dec 5 based on the NYSE.

Ma said he would spend more time on education, philanthropy and environmental protection after leaving office.

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