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Alibaba's Jack Ma to step down next year

by VTV411 September 2018 Last updated at 06:00 AM

VTV.vn - Chinese e-commerce giant Alibaba has confirmed that its executive chairman, Jack Ma will step down on 10 September 2019.

This information was released after conflicting reports over the weekend on the timing of his exit. The chairmanship will be handed to Daniel Zhang, currently Alibaba's chief executive. Billionaire Jack Ma will continue to be a permanent member of the Alibaba Partnership - a group of 36 partners drawn from the senior management ranks of Alibaba Group companies and affiliates.

Earlier, in an interview with Bloomberg, Jack Ma said he plans to devote his time for education after leaving the chairmanship of Alibaba.

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