Jack Ma, the man who is said to have ushered e-commerce into China, has retired as Alibaba's executive chairman.

Jack Ma, the man who is said to have ushered e-commerce into China, has retired as Alibaba's executive chairman.

Despite stepping down from the company's senior management, Ma will likely continue to shape the future direction of the corporate giant. In addition to being a successful business tycoon, Ma is also keenly supportive of education. The day of his official retirement coincided with Teachers' Day in China, not to mention his birthday. Toward the latter part of his career, Ma pivoted from business matters to philanthropy.

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