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LATEST UPDATE,

It’s the end of an era at Asia’s most valuable company. Jack Ma has announced that he’ll step down neat year as executive chairman of Alibaba, the company he founded in his apartment 19 years ago.

So what’s next for China’s richest man? He told us last week that he wants to focus on education and philanthropy.

Ma is also known for dispensing Yoda-like wisdom over the years that’s made him a role model in China. Here are some of his key quotes:

Alibaba CEO Daniel Zhang will take over the reins in exactly a year’s time, but that may not be long enough, says our columnist Tim Culpan, who writes that Ma hasn’t put in place a new business model for his successor to build upon:

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