Ma will remain executive chairman while the plan is carried out. A New York Times report that said he was “stepping down” to “retire” was out of context, and factually wrong, an Alibaba spokesman said
Jack Ma, who co-founded the world’s largest e-commerce platform, will unveil a succession strategy next week, part of a management plan 10 years in the making for grooming a generation of younger executives to take over the reins of Asia’s most valuable company.
Ma, the executive chairman of Alibaba Group Holding and public face of the technology juggernaut, will unveil the plan on September 10 on his 54th birthday.