Jack Ma

A former English teacher, Jack Ma cofounded and chairs Alibaba Group, one of the world's largest e-commerce businesses.In September 2018, Ma announced he would resign as Alibaba's executive chairman in one year and would be succeeded by CEO Daniel Zhang. Its 2014 IPO in New York set a record as the world's biggest public stock offering, raising $25 billion.Ma's investments beyond Alibaba include stakes in Chinese entertainment industry firms Huayi Brothers and Beijing Enlight Media.