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Jack Ma Will Turn Alibaba Over To Successor Zhang In 2019

"I still have lots of dreams to pursue," the Alibaba co-founder said of the transition. A former English teacher, Ma said, "I also want to return to education ... because this is what I love to do."
Jack Ma, co-founder of Chinese e-commerce giant Alibaba, says he will step aside as the company's chairman in September 2019.

Alibaba Group says Jack Ma will quit as the retail giant's chairman in one year, when he'll be replaced by current CEO Daniel Zhang. Ma, 54, co-founded the company in 1999. Last year, it reported $39.9 billion in revenue.

In announcing the succession plan, Ma said he

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