Jack Ma giving up the reins of Alibaba Group

Jack Ma giving up the reins of Alibaba Group
Jack Ma

Ma steps down as executive chairman of China’s largest company on his 55th birthday with a fortune estimated at $ 41.8 billion.

Alibaba founder Jack Ma resigned as head of the Chinese company’s board of directors, Bloomberg reports.

Ma steps down as executive chairman of China’s largest company on his 55th birthday with a fortune estimated at $ 41.8 billion.

Daniel Zhang will replace him on the post of executive chairman of Alibaba Group. Now, he will occupy two posts at the same time - the CEO and the head of the board of directors.

Earlier, Jack Ma offered to work 12 hours a week.

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