Alibaba's charismatic co-founder will step down as chairman. Jack Ma was more politically deft than rivals like Tencent's Pony Ma, keeping his company out of regulatory trouble. His successor steps in at a tricky time. mak_robyn
Alibaba Group Chairman Jack Ma on Sept. 10 will hand over the role of chairman of the board to the company's chief executive, Daniel Zhang. Ma will complete his current term on the board, however, remaining until 2020.
Alibaba, which announced the succession plan on Sept. 10, 2018, said that Ma was a"lifetime partner" in the Alibaba Partnership and also a member of the partnership committee. The Partnership is made up of 36 individuals and has the right to nominate a majority of the company’s directors.
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