Jack Ma, founder and executive chairman of Alibaba Group, attends an award ceremony for rural teachers organised by the Jack Ma Foundation, in Sanya, Hainan province, China, on Jan 22, 2018. (Reuters video)BEIJING : Alibaba co-founder and chairman Jack Ma will unveil a succession plan on Monday, the South China Morning Post reported on Sunday, with a company spokesman denying a New York Times report that he would retire that day. The paper quoted Ma as saying the decision was "the beginning of an era". But an Alibaba spokesman told the SCMP that the New York Times' story "was taken out of context, and factually wrong". "An Alibaba spokesman said Ma remains the company's executive chairman and will provide transition plans over a significant period of time," the SCMP wrote.

Source: Bangkok Post September 09, 2018 06:00 UTC