Alibaba Group co-founder Jack Ma announced he would step down as executive chairman after one year, handing over the top job to current Alibaba chief executive Daniel Zhang.
The move comes as Alibaba looks to make way for “younger, more talented people” to take over leadership roles and fulfill the company’s vision “to make it easy to do business anywhere”, according to a letter from Ma to Alibaba staff.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!