Friday, 24 March, 2023
Era ends at Alibaba as Chairman Jack Ma steps down
<p style="text-align:justify"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="background-color:white">Jack Ma, founder of the Chinese e-commerce giant Alibaba stepped down as Chairman yesterday. Daniel Zhang will officially take over the reins of Alibaba and serve as the chairman of the group. </span></span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="background-color:white">Alibaba started in 1999 is today a diversified conglomerate with over 66,000 full employees and 750 million active monthly users. Ma announced his retirement exactly one year before by saying: Alibaba was never about Jack Ma, but Jack Ma will forever belong to Alibaba.</span></span></span></span></p>