- Jack Ma, the founder of online Chinese retailing giant Alibaba, will step down as Chairman on September 10, 2019.
- Ma will be succeeded by Daniel Zhang, Alibaba’s current CEO.
- Ma wrote a letter to customers and shareholders explaining his decision.
Chinese online retailing giant Alibaba has announced that founder Jack Ma will step down as chairman, one year from today.
In accordance with succession plans previously flagged by the company, current Alibaba CEO Daniel Zhang will succeed Ma as chairman on September 10, 2019.
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