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Alibaba's Jack Ma to step down in 2019

Updated : September 10, 2018 12:16 PM IST

Alibaba Group Holding Ltd.'s co-founder and executive chairman Jack Ma has announced that he plans to step down in 2019.

Chief executive officer Daniel Zhang will replace Ma as the chairman of the Board starting September 10, 2019.

'The one thing I can promise everyone is this: Alibaba was never about Jack Ma, but Jack Ma will forever belong to Alibaba,' Ma said.

Watch the video to know more.


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