Alibaba’s Jack Ma to step down in one year, hand baton to CEO Zhang

Alibaba’s Jack Ma to step down in one year, Zhang to become chairman
September 9, 2018
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Jack Ma, the charismatic co-founder of China’s largest e-commerce firm Alibaba Group Holding Ltd, will step down as chairman in one year to concentrate on philanthropy and education, passing on the reins to trusted lieutenant Daniel Zhang.