He helped build it into a $420 billion company with more than 500 million Chinese customers who use the site to purchase everything from clothes to cement.
In an interview with the Times, former English teacher Mr Ma said retirement would not be the end of an era but "the beginning of an era", adding: "I love education". His birthday also coincides with a the Chinese holiday of Teacher's Day, which celebrates educators.
Ma, who founded the company back in 1999, stepped down as the company's chief executive officer in 2013.
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But at some point you have to take a decision. "It means the world to me obviously", he added. The 32-year-old Nadal quit during a match for the second time in four Grand Slams this year.
Ma told The New York Times that he will retire September 10 and focus on philanthropic efforts in education. He said he will be spending more of his time and fortune to pursue philanthropy in education. "I can never be as rich, but one thing I can do better is to retire earlier", he said. He started Alibaba from his flat in Hangzhou with a group of friends.
Ma's success was evident after Alibaba's Taobao bested eBay in China, forcing the U.S. auction site to largely withdraw from the country in 2006. Alibaba later rolled out Alipay, an online payment service, to facilitate transactions in a country where few people had credit cards.
It owns a stake in China's hugely popular Twitter-like Weibo platform and in 2015 it bought the South China Morning Post newspaper.
Its customers use its e-commerce platforms to order products that past year led to package reaching 55-million a day.
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Seattle had been thought wanting at least a second-round pick all along with it thought Dallas had not offered more than a third. So, a potential deal around the trade deadline would make sense but may depend on how well the team is doing at the time.
Ma has inspired strong devotion among his employees and users, drawing comparisons with late Apple co-founder Steve Jobs - although he practised a more open management style.
Ma is retiring at a time internet companies like Alibaba have fallen under tighter government scrutiny, as the industry plays an increasingly important role in the country's economy.
Earlier this week, Mr Ma told Bloomberg TV that he wanted to create a personal foundation, following in the footsteps of Microsoft's Bill Gates.
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So she's definitely someone that gets a lot of balls back and something I have to be ready for'. Naomi Osaka and Kei Nishikori have created tennis history at the US Open .