Jack Ma, chairman of Alibaba Group, attends the launch of a blockchain-based remittance solution in Hong Kong on June 25, 2018. (AP photo)BEIJING: Jack Ma, the charismatic co-founder of China's largest e-commerce firm Alibaba Group Holding Ltd, will step down as chairman in exactly one year on Sept 10, 2019, the company said. Current Alibaba Chief Executive Officer Daniel Zhang will replace him as chairman, while Ma will complete his current term on Alibaba's board of directors following the company's annual general meeting in 2020. Ma relinquished the role of chief executive in 2013. (continues below)Chief Executive Officer Daniel Zhang attends the Alibaba Group's 11.11 Singles' Day global shopping festival in Shanghai on Nov 11, 2017.

Source: Bangkok Post September 10, 2018 03:16 UTC