[Listening] Alibaba’s Jack Ma Was Preparing To Retire 10 Years Ago

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1. accumulate

2. pack

3. replenishing

Founder and former chairman of Alibaba Group Jack Ma attends the ‘Ma Yun Rural Teachers Prize’ awards show on January 21, 2018 in Sanya, Hainan province, China.

You should never have a copy of Jack Ma. One Jack Ma is too much for the company,” said Ma. “So in the past 10 years, we tried to build up a system: A system that has the right leadership … a system that can create, can make, and can discover, can train a lot of leaders.”

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Source: Make It

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When Alibaba’s founder Jack Ma retired from the company last month, it was not a decision he took lightly.

The 55-year-old _____ (1 word missing) in September 2018 that he would step down as ______ (2 words missing) in 12 months’ time, bringing an end to his 20 years at the helm of the tech giant. But, he recently revealed, it was a plan he’d had in mind for more than a decade.

Ma has often said he would like the company he founded in 1999 to endure for 102 years, so as to span three centuries. To help realize that vision, Ma said he and his team developed a robust _______ (2 words missing), which values new ways of thinking and working.

“The company should never depend on Jack Ma,” he said. “Jack Ma will get old. Jack Ma will get stupid. Jack Ma will get sick or car accident or whatever.”

“The company should depend on a system for leadership. It’s the culture. It’s the people. It’s the system that keeps a company alive for 102 years. It’s not only one person.”

END

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