Jack Ma is no longer chairman of Alibaba Group, the world's largest e-commerce group. He quit on his 55th birthday as part of a succession plan.
A composite image showing Jack Ma performing at a company party in 2009, in a kung fu movie in 2018, presiding over a mass employee wedding in 2019, and in Paris in 2019.
Jack Ma, China's richest man, is stepping down as the chairman of the $460 billion Alibaba Group he founded 20 years ago. Ma is worth almost $40 billion and his known for his love of extravagant celebrations, including mass employee weddings and music performances.Ma has picked Alibaba CEO Daniel Zhang to take over from him, who will face challenges from the US-China trade war and a slowing e-commerce industry in China.Jack Ma — the flamboyant tech personality, and currently the richest man in China— is stepping down from his $460 billion Alibaba empire 20 years after he founded the company.
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