BREAKING! watch: Jack Ma RESIGNS as Alibaba’s President After 20 Years, Steps Down from $460 Billion Company as The Richest Man in China

Jack Ma is no longer chairman of Alibaba Group, the world’s largest e-commerce group. He quit on his 55th birthday as part of a succession plan.

Jack Ma — the flamboyant tech personality, and currently the richest man in China— is stepping down from his $460 billion Alibaba empire 20 years after he founded the company.

Ma is stepping down as the chairman of Alibaba Group on Tuesday, his 55th birthday, as part of a long-planned succession scheme. It is the world’s largest e-commerce group, with more than triple the total reported sales of Amazon for 2018.

Source: Jack Ma — the most flamboyant tech founder on the planet, and China’s richest man — steps down from his $460bn Alibaba empire after 20 years

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