Jack Ma will retire as chairman next year

Jack Ma is not retiring. The Alibaba founder revealed today that he will step down as executive chairman of the company he founded a year from today, at the end of a 12-month succession plan, handing over to CEO Daniel Zhang. Ma, who turns 54 today, handed over the day-to-day operations of the ever-growing business to Zhang five years ago. He says he will remain a director of the company until the 2020 annual meeting and remain a permanent member of the Alibaba Partnership, which guides the busi

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