Jack Ma, China's richest man, steps down as chairman of Alibaba

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Charismatic 55-year-old entrepreneur to be replaced by Daniel Zhang at e-commerce firm

The Alibaba founder, Jack Ma, is stepping down as head of one of the world’s largest e-commerce companies, handing over the reins to his handpicked successor.

Ma, who announced his retirement as chairman of the company last year, will celebrate his final day as he marks his 55th birthday at an Olympic-sized sports stadium in Hangzhou, where he founded the company 20 years ago.

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Source: china
Link : Jack Ma, China’s richest man, steps down as chairman of Alibaba

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