Free Press Journal
  • Alibaba’s co-founder Jack Ma to retire next year

    Bengaluru/Beijing: Alibaba’s Executive Chairman Jack Ma will step down in September 2019 and hand over the reins to Chief Executive Daniel Zhang, the Chinese e-commerce giant said on Monday. Ma, who co-founded the company almost 20 years ago which now is the world’s biggest e-commerce behemoths, said in a letter to his employees that “transition demonstrates that Alibaba has stepped up from a company that relies on individuals, to one built on

  • Alibaba chairman Jack Ma to step down in September 2019, Daniel Zhang to be next chairman

    Beijing: Alibaba co-founder and chairman Jack Ma will step down as head of the e-commerce giant on September 10, 2019, the company said on Monday. Ma is staying on as executive chairman for 12 months to “ensure a smooth transition” before handing over his role to chief executive officer Daniel Zhang, Alibaba said in a statement.