BIZ: BEIJING-Alibaba: Jack Ma to step down as chairman in September 2019

Alibaba co-founder Jack Ma to retire, say reports

Ma, who has a net worth of $36.6bn, says retirement is the beginning of an era as he focuses on philanthropy

BEIJING (AP) — E-commerce giant Alibaba Group says founder Jack Ma will step down as chairman in September 2019.

The company announced Monday that Ma will be succeeded by Daniel Zhang, the company’s CEO.

Alibaba said Ma will remain a member of the group that has a right to nominate a majority of the company’s board of directors.

Ma is a former English teacher who founded the company in 1999. Ma is one of the world’s richest entrepreneurs.

14 seconds ago

Bye Jack and thanks for all the deals
23 seconds ago

Too Funny: Alibaba said Ma will remain a member of the group that has a right to nominate a majority of the company’s board of directors….Way to step down! ROF
34 seconds ago

This guy looks like Predator after swartzenager removed the mask

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Associated Press

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