INSUBCONTINENT EXCLUSIVE:
Alibaba co-founder Jack Ma is China's third richest person with a net worth of $36.6 billion.
China's richest man and Alibaba Group Holding Ltd's co-founder Jack Ma announced his retirement with effect from Monday to pursue
philanthropy in education
Jack Ma, who is much respected in China, and is the global face of Alibaba, will retire after he turns 54 on Monday
Jack Ma, a former English teacher, co-founded Alibaba with 18 others out of his apartment in Hangzhou, Zhejiang province, in 1999
The e-commerce company has a total market value of about $420 billion as of Friday's close
