SHANGHAI - Alibaba co-founder Jack Ma announced on Monday he would step down as head of the pioneering Chinese e-commerce giant in one year, a departure already drawing comparisons to the retirement of late Apple founder Steve Jobs. "But where Jobs died, Ma is expected to stay on in an advisory role, so there shouldn't be too much impact." "The one thing I can promise everyone is this: Alibaba was never about Jack Ma, but Jack Ma will forever belong to Alibaba," he said. But while Alibaba may lose the company's face, analysts said the business brains remain with Zhang. - Wowing investors -The company has wowed investors year after year with sterling revenue growth with Zhang at the helm.

Source: Bangkok Post September 10, 2018 04:41 UTC