Jack Ma retires as Executive Chairman of Alibaba Group

After his 20-year stint, Jack Ma hands over the reins to Daniel Zhang

by exchange4media Staff
Published - Sep 10, 2019 1:49 PM Updated: Sep 10, 2019 1:49 PM
Jack Ma

Jack Ma bid goodbye to Alibaba Group on Tuesday, as per media reports.

He stepped down as Alibaba’s Executive Chairman and has handed over the reins to Daniel Zhang.

Jack Ma had made the announcement exactly a year back. He had said he was leaving to pursue philanthropic work focused on education.

Jack Ma co-founded Alibaba with 17 others in 1999. He helped the company achieve more than 500 million Chinese customers who use the site to purchase everything from clothes to cement.
Alibaba also handles digital payments, online banking, cloud computing and digital media and entertainment.

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