- Alibaba Group Holding Limited 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.
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