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Jack Ma Steps Down as Alibaba's Chairman


Jack Ma announced last year that he would retire within a year, with the company CEO Daniel Zhang taking over as the Chairman of the board.

Beijing:

Alibaba co-founder Jack Ma is stepping down as Chairman of the multi-billion dollar e-commerce behemoth on Tuesday as the company celebrates its 20th anniversary.

Jack Ma, who turned 55 on Tuesday, announced last year that he would retire within a year, with the company CEO Daniel Zhang taking over as the Chairman of the board. Jack Ma resigned as Alibaba's CEO on May 10, 2013.

His resignation comes amid uncertainty over the ...


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