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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Jack Ma officially retires as chairman of Alibaba – TechCrunch

Jack Ma officially retires as chairman of Alibaba – TechCrunch



Jack Ma stepped down as Chairman of Alibaba today, handing over the role of current CEO to Daniel Jiang. The transition was announced a year ago.

Ma will continue to serve on the board of Alibaba until its annual general meeting of shareholders next year. He also remains a lifelong partner of Alibaba Partnership, a group made up of senior management of the Alibaba Group of companies and affiliates, which he is entitled to nominate (and in some situations appoint) to a simple majority of its board. [19659002] Ma said in last year's announcement that he planned to make his departure from the Alibaba Group very gradual: "The only thing I can promise everyone is this: Alibaba was never about Jack Ma, but Jack Ma will forever belong to Alibaba. "

Ma left Alibaba's CEO in 201

3 and was first succeeded by Jonathan Lou. In 2015, Lou was replaced by Zhang, the company's former COO. As its CEO and now its chairman, Gian has taken over the reins of Alibaba as it tackles the slowdown in the e-commerce market in China after a decade of explosive growth. The online retail landscape also includes new players such as Pinduoduo who have gained an edge by focusing on smaller cities, important growth markets for Internet companies.

One interesting fact about the day Ma chose to retire as chairman is that it is Teacher's Day in China. Ma is a former English teacher who still carries the nickname "Master Ma" and said she plans to spend time on educational philanthropy.


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