Outgoing Alibaba chairman Jack Ma is known for being flamboyant, and his retirement party from the online marketplace proved to be no different.

The occasion, officially billed as Alibaba’s 20th-anniversary party, was held in an 80,000-seat arena and lasted for hours, Reuters reported.

“This is not the end of Jack Ma,” Ma said to the crowd at the event, according to the Wall Street Journal. “This is just the beginning of passing down a heritage.”

Read more: Alibaba cofounder Jack Ma – the richest person in China – is retiring with a net worth of $38 billion. Here’s his incredible rags-to-riches story.

Ma, a former English teacher, founded Alibaba 20 years ago from his apartment in Hangzhou, Business Insider previously reported. Ma is now the richest person in China and has a net worth of $38 billion.

Keep reading for a look inside the massive anniversary celebration.

Lees ook op Business Insider


The event was held in the city where Alibaba was founded 20 years ago, at the Hangzhou Olympic Sports Center.

Foto: sourceHelloRF Zcool/Shutterstock

Source: Reuters


Many of the 60,000 guests were Alibaba employees.

Foto: sourceCourtesy of Alibaba

Source: Reuters


The event began with a parade of employees from Alibaba’s various divisions around the arena’s running track.

Foto: sourceCourtesy of Alibaba

Source: The Wall Street Journal


There was also a shape-shifting car …

Foto: sourceCourtesy of Alibaba

Source: Alibaba


… and people dressed like the company’s mascots.

Foto: sourceCourtesy of Alibaba

Source: Alibaba


The procession “mimicked the Olympic Games’ Parade of Nations,” according to The Wall Street Journal.

Foto: sourceCourtesy of Alibaba

Source: The Wall Street Journal


Employees dressed up and performed songs and dances poking fun at Alibaba’s company culture.

Foto: sourceCourtesy of Alibaba

The topics of the songs ranged from employees’ frequent travel to the staggering wealth employees have accumulated since Alibaba’s founding, according to The Journal. One group even reportedly sang part of Travie McCoy’s 2010 song “Billionaire.”

Foto: sourceCourtesy of Alibaba

Source: The Wall Street Journal


Ma teared up while watching his employees perform the routines they had practiced fro months, according to reports.

Foto: sourceCourtesy of Alibaba

Source: Reuters


Ma performed Josh Groban’s “You Raise Me Up” with a group of senior executives on a portable stage that was pulled around the arena, the Journal reported.

Foto: sourceCourtesy of Alibaba

Source: The Wall Street Journal


As photos from the event show, Ma played an orange guitar, wore sunglasses and spiked shoulder pads and a wig.

Foto: sourceCourtesy of Alibaba

Source: The Wall Street Journal


The group calls themselves “A band.”

Foto: sourceCourtesy of Alibaba

Source: The Wall Street Journal


“What a wonderful world with so many opportunities in it,” Ma said in a moving address about Alibaba’s future. “I wish to work in new fields. ‘Green mountains won’t change and the flowing waters are endless.’ See you around.”

Foto: sourceCourtesy of Alibaba

Source: Alibaba


Incoming chairman and current CEO Daniel Zhang also gave a speech, saying, “We believe that the best way to give thanks to yesterday is to create the most beautiful future together.”

Foto: sourceDaniel Zhang

Source: Alibaba