Jack Ma retires from Alibaba after twenty years

The founder of the Chinese ecommerce giant has left his position as president of the group, just as he announced last year. Daniel Zhang will relieve him to lead the company.

Mds

10 sep 2019 - 16:26

Alibaba losses its captain. Jack Ma, founder of the Chinese ecommerce giant has left his position as president of the group after twenty years on the lead. The executive informed of his decision one year ago.

One of the goals of Ma’s exit is to allow young talent to assume leadership. In this sense, the current managing director of the company, Daniel Zhang, has relieved the president. The executive has a long career in the company, leading Tmall and Taobao.

Despite all, Ma will continue to be part of the company because he is still part of its board of directors up until the next shareholders meeting in 2020.

Jack Ma left his position as CEO of Alibaba in 2013

Ma left his position as CEO of the company in 2013, at the same time he unlinked its duties from operative and daily basis actions in the company to dedicate most of his time to the Jack Ma Foundation.

Since it started in 1999 Alibaba has moved from being an ecommerce platform to an international giant with business in logistics, luxury, food industry and computing.