In September 2005, World Economic Forum selected Ma as a "Young Global Leader".
Fortune Magazine selected him as one of the "25 Most Powerful Businessperson in Asia".
In 2007, Businessweek selected him as the "Businessperson of the Year"
Barron's chose him as one of the 30 "World’s Best CEOs" in 2008.
In May 2009, Time magazine selected Ma as one of the world’s 100 most powerful people.
In 2010, Ma was selected by Forbes Asia as one of Asia’s Heroes of Philanthropy for his contribution to disaster relief and poverty.
Ma was awarded an honorary Doctoral degree by the Hong Kong University of Science and Technology in November 2013.
In 2015, Asian Award honoured him with the Entrepreneur of the Year award.
In 2017, Fortune ranked Ma second on its World's 50 Greatest Leaders list.
In 2017, a KMG survey ranked Ma third in global tech innovation visionary survey.
In October 2017, Ma was given an honorary degree of Doctor of Science in Technopreneurship from De La Salle University Manila, Philippines.