Jack Ma steps down as Chairman of Alibaba; Daniel Zhang takes over
- Jack Ma has stepped down as the executive chairman of Alibaba group- the largest company in China. It is an e-commerce platform. Jack Ma resigned on his 55th birthday. He announced this plan exactly one year ago.
- The CEO of the Alibaba Group, Daniel Zhang is the new Chairman of the company.
- Jack Ma will remain a director on Alibaba’s board and a permanent member of the Alibaba Partnership. He has 6.44% share in the company.