ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Foreign portfolio investors' exodus continues for 9th month; withdraw Rs 50,203 cr from equity market in June - know reasons
  • Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say
  • D-Mart Q1 revenue jumps almost 2-fold to Rs 9,806.89 cr
  • This Android malware switches off Wi-Fi and drain mobile wallet
  • North Korea says US, South Korea-Japan agreement materialises US plan for 'Asian NATO'
Read in App
Business News » India News

Did Jack Ma cry during farewell event? What eyewitnesses spotted | TOP DETAILS of Alibaba founder speech

'Jack Ma has cried' was trending on Chinese social media platform Weibo. So, did the Alibaba founder really cry?

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Did Jack Ma cry during farewell event? What eyewitnesses spotted | TOP DETAILS of Alibaba founder speech
Jack Ma`s exit comes as Alibaba has grown to become Asia`s most valuable listed company, with a market capitalisation of $460 billion.

'Jack Ma has cried' was trending on Chinese social media platform Weibo. So, did the Alibaba founder really cry? During the farewell event, Jack Ma was spotted at one point with tears welling up in his eyes as staff put on skits and sang songs to mark the occasion. Jack Ma formally left Alibaba on Tuesday and he left in style by slinging on a guitar and a rock star wig at an event for thousands of employees of the e-commerce giant he founded 20 years ago in a small shared apartment in Hangzhou city in eastern China.

During a four hour celebration in an 80,000-capacity stadium, Alibaba`s billionaire executive chairman delivered on his promise of a year ago to hand over to CEO Daniel Zhang.

Ma also told attendees that he hoped to see Alibaba shoulder more responsibility to improve society amid the sweeping changes brought about by technologies like big data and 5G. "It is not easy to be a strong company, but it is more difficult to be a good company," he said. "A strong company is determined by its commercial ability, while a good company is responsible and kind."

Costumed performers, some dancing to dubstep music and dressed in traditional Chinese dress, and singers paid tribute to Ma`s reputation for dressing up and performing at big events, entering to a parade of floats representing Alibaba divisions such as shopping site Tmall and payment service Ant Financial.

Toward the end of the ceremony, Ma, co-founder Lucy Peng, and CEO of Alibaba`s technology committee Wang Jian donned rock star-style leather jackets and wigs to perform Chinese pop songs. They were joined by co-founder Joe Tsai dressed in Marilyn Monroe style white dress and a blonde wig. Zhang, also clad in rock star garb, then delivered a solo, having earlier said that Alibaba would keep investing in areas such as cloud computing.

Ma`s exit comes as Alibaba has grown to become Asia`s most valuable listed company, with a market capitalisation of $460 billion. It employs over 100,000 people, and has expanded into financial services, cloud computing and artificial intelligence.

 

 

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Jack MaAlibaba
Written By: Prashant Singh
Edited By: Harish Dugh
Updated: Wed, Sep 11, 2019
03:45 pm
ZeeBiz WebDesk
RELATED NEWS
HE IS BACK! Alibaba chief Jack Ma makes first live appearance in three months in online meet HE IS BACK! Alibaba chief Jack Ma makes first live appearance in three months in online meet
Jack Ma Missing Latest News: Where is Alibaba founder? This is what recently happened with him in China Jack Ma Missing Latest News: Where is Alibaba founder? This is what recently happened with him in China
Shocking end to Ant IPO to have serious impact, but will it destroy its chances? Shocking end to Ant IPO to have serious impact, but will it destroy its chances?
JOKE! China SHOCKER! Retail investors horrified as government halts Jack Ma led Ant Group IPO JOKE! China SHOCKER! Retail investors horrified as government halts Jack Ma led Ant Group IPO
In big setback to Jack Ma, China suspends Ant Group's $37 billion IPO - world's largest In big setback to Jack Ma, China suspends Ant Group's $37 billion IPO - world's largest

LATEST NEWS

Foreign portfolio investors' exodus continues for 9th month; withdraw Rs 50,203 cr from equity market in June - know reasons here

Commerce Minister looking to release new foreign trade policy before September, says official

D-Mart Q1 revenue jumps almost 2-fold to Rs 9,806.89 cr

Q1FY23 Preview: Pharmaceutical firms likely to deliver subdued performance in domestic market, says Nirmal Bang -

Maruti Suzuki looks to deploy strong hybrid tech across model range

North Korea says US, South Korea-Japan agreement materialises US plan for 'Asian NATO'

This Android malware switches off Wi-Fi and drain mobile wallet

Rakesh Jhunjhunwala Stocks: Agrochemical firm Rallis India shares may surge by 23% despite pressure on margins – Here’s why?

Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say

Cigarette makers shifted to biodegradable overwrap on packets, well ahead of plastic ban

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV