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Jack ma says he would prefer to die holidaying than working

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Jack ma says he would prefer to die holidaying than working

Jack Ma has announced his retirement from Alibaba and many claim deteriorating business environment in china is the reason

No one would want to die working. Though there have been cases in Japan where people died of overwork, and in the current century work related stress has been termed as one of the biggest contributing factors to sickness and bad health.

But Alibaba CEO Jack Ma is most possibly talking about his next set of projects that may have little to do with his role at the company or being present in the office. He says he would rather die on the beach than in his executive office at Alibaba.

On September 10, Jack Ma announced his retirement taking everyone by surprise. On his 54th birthday, he said he would step down from the position of CEO in one year and give the next generation of leaders at Alibaba a chance to lead.

He named the company's Chief Executive Officer (CEO) Daniel Zhang as his successor who would take charge in September next year, while he would continue to be the company's Director.

A New York Times report said the prevailing business environment in China led to the announcement. Chinese news agencies reported that some believed Ma was forced to step down, while others even say he has shifted majority of his assests to other countries and will soon be leaving China.

A report by Europeanceo claims recent years have seen an increase in CEOs retiring early, and puts the blame on rising shareholder expectations and an emerging culture of short-termism.

"Gossip has been around us every day for the past 19 years. For someone who has a dream for the future, gossips, rumours, hardships and frustrations will always be part of your life", said Ma.

"At the age of 54, I am a bit old in the internet industry, but quite young for many other sectors," Ma said. "In the next 15 to 16 years, there's still a lot of things I can do. I know it would be difficult for people at the age of 55 or 56, say 60, to leave. By then you would no longer be sure about your future, and you would hang on."

Ma has a personal fortune of $39.9 billion and figures in the Forbes list of 'Top 20 richest people in the world'. So it may be easy to let go.

Ma came a long way from teaching English to becoming China's top billionaires, making Alibaba into what it is today, a $420 billion company raking among top 10 companies in the world in terms of value and size.