Jack Ma, founder of e-commerce giant Alibaba, won the key resident award in his hometown Hangzhou on Saturday. /VCG Photo

2019 marks the 20th anniversary of Alibaba. The company started off with 18 people in 1999. /VCG Photo

In 2014, Alibaba set the record of the biggest IPO in history on the New York Stock Exchange. The company has 755 million monthly active users on mobile phones, according to the quarterly report in June. /VCG Photo

The award presenter Zhou Jiangyong, municipal Party secretary of Hangzhou, said that Jack Ma is an innovator in the digital era and a role model of entrepreneurship. /VCG Photo