One of China's richest Jack Ma of 'Alibaba e-commerce empire' is stepping aside ', said the New York Times.
In the online marketing, the 'pioneer' company is going to change this Monday.
Although leaving the position of the top executive, the Ma is still in the governing council of Alibaba; The BBC has said it has decided to 'make humanity in education', according to the US media.
The company's co-founder was the Ma at the time of Alibaab's journey in 1999; Within two decades it has become the world's largest internet company.
Alibara market price is now more than $ 400 billion, BBC said. In addition to online marketing, cloud computing and technology, the company also has investments in film making.
In an interview given to the New York Times, a former English teacher said that retirement means 'no end, start' of the era.
She said "I Love Education."
Forbes said in a list released last year, that the current assets of her mother, who paid her $ 54 billion a year, was $ 40 billion, making her the third richest person in China.
Last week, Bloomberg told the television that she wanted to make a personal charity company following Bill Gates of Microsoft.
"I learned a lot from Bill Gates. I can not be so rich like him; But one thing I can do, retire early. One day, I'm thinking of going back to teaching professionally quickly. This is something that I can do better than the chief executive of Alibaab, "he said.
Mother's career began in English by teaching English at a university in Hangzhou, China's eastern province of Zhejiang; Although he did not live long in this line. Alibaba started work on a group of friends in Hangzhou flat; Within one and a half years, the company that appeared as a giant in online marketing.