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.