Jack Ma retires
Alibaba’s charismatic Chairman and Founder – Jack Ma – will pass on the reins to CEO Daniel Zhang tomorrow, 10 September.
The date marks the 20th anniversary of Alibaba’s founding in in his Hangzhou flat and is also Ma’s 55th birthday.
Ma will attend Alibaba’s 20th anniversary celebration tomorrow night.
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.