Alibaba founder, Jack Ma, on Tuesday stepped down from his position as the Chairman of the company at a gala event attended by thousands of employees. During a four hour celebration which included songs, dances and parades with elaborate floats in an 80,000-capacity stadium, the billionaire entrepreneur handed over the reigns of the company to CEO Daniel Zhang, and seemingly fought back tears while talking about his own future.
“After tonight, I will start a new life. I do believe the world is good, there are so many opportunities, and I love excitement so much, which is why I will retire early”, said Ma to company employees and eminent guests while trying his best to fight back tears. Keen observers uploaded photos and videos of Ma’s tearful farewell speech on social media, making the topic “Jack Ma has cried” trend on Chinese micro-blogging platform, Weibo.
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