Khalid Samad cites Alibaba chair as saying 'it is the future', despite China's ban on initial coin offerings.
Current CEO Daniel Zhang will assume his position.
The former English teacher seeks to focus on philanthropy in education.
Dr M will visit headquarters of Alibaba, and Zhejiang Geely that owns a 49.9pct stake in Proton.
YOURSAY | ‘Even if Ma’s tall tale about MSC can’t be believed, M’sia has nothing to lose.’
UPDATED 3.55PM | The first seed of the idea for the e-commerce giant was planted when he read about MSC 20 years ago.
UPDATED 11.52am | The Alibaba group founder says the hour-long chat with the premier was a 'very good meeting'.
After meeting Dr M, Ma is expected to officiate Alibaba's country office in Bangsar South.
A spokesperson replies to a news report that said the Alibaba founder is flying to KL later this month to meet the PM.
Alibaba founder lauds first ever 'digital free trade zone' aimed at small and medium enterprises.
COMMENT | The people surrounding PM don't actually know China.
COMMENT | LSS is invented to ask decent Malaysians of all ages to, well, ‘go fly kites’.
'The money, to me, does nothing,' says Alibaba's Jack Ma.
UPDATED 5.05PM | In praising Jack Ma, PM jokes that even the Malay word 'alibaba' has been given a new meaning.
Taobao is back on US' blacklist due to large number of counterfeit goods and violation of intellectual property rights.
YOURSAY | ‘Remember, we had Gates as adviser for many years and nothing happened.’