When Alibaba was just founded in 2000, Jack Ma appeared on the cover of Forbes Magazine and talked about the future development of the Internet.
Twenty years later, the same Forbes reporter Justin Doebele wrote another cover story " Jack Ma Outlines Bold Vision For His Philanthropy Foundation ", focusing on a new chapter in Jack Ma's life.
When asked where the Jack Ma Foundation will be in five years, Ma appears to be already planning ahead: “It will be a respected organization that is doing things in an efficient way.”
“I will devote more time and effort to education, philanthropy and the environment,” he wrote in an open letter to shareholders (and the world). It was a transition that Ma had planned for a decade.
“When Alibaba had its ten-year anniversary, on that day I started to think I should prepare for my retirement. That day, I decided on the day of the 20-year anniversary, September 10, 2019, will be the day I leave,” he said to Steve Forbes during the Forbes Global CEO Conference held in Singapore in October, just after receiving the Malcolm S. Forbes Lifetime Achievement award.
Jack Ma said that he would first study and listen to various ideas about public welfare around the world. In an interview with Forbes, he stated: " I am not in a hurry, I want to spend a year traveling around to many countries, talking to the ministers of education, talking to schools, talking to teachers, and talking to those who have great ideas. "
The article states that Alibaba has started social welfare activities very early. Since 2006, Ali has provided funding and training for about 20,000 mothers through the Magic Bean Mom Project.
In 2010, it was announced that 0.3% of the income was used for public welfare, and then the Alibaba Public Welfare Foundation was established.
And Jack Ma established the Jack Ma Public Welfare Foundation in 2014. So far, he has provided at least 300 million US dollars for various public welfare activities.
You can read the full story here on Forbes.
