Jack Ma Will Turn Alibaba Over To Successor Zhang In 2019
"I still have lots of dreams to pursue," the Alibaba co-founder said of the transition. A former English teacher, Ma said, "I also want to return to education ... because this is what I love to do."
Alibaba Group says Jack Ma will quit as the retail giant's chairman in one year, when he'll be replaced by current CEO Daniel Zhang. Ma, 54, co-founded the company in 1999. Last year, it reported $39.9 billion in revenue.
In announcing the succession plan, Ma said he
