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Jack Ma steps down as Alibaba chairman

WorldNews Tuesday, 10 September 2019
Jack Ma steps down as Alibaba chairmanAlibaba Group founder Jack Ma, who helped launch China's online retailing boom, stepped down as chairman of the world's biggest e-commerce company on Tuesday at a time when its fast-changing industry faces uncertainty amid a U.S.-Chinese tariff war. Ma, one of China's wealthiest and best-known entrepreneurs, gave up his post on his 55th birthday as part of a succession announced a year ago. He will stay on as a member of the Alibaba Partnership, a 36-member group with the right to nominate a majority of the company's board of directors. Ma, a former English teacher, founded Alibaba in 1999 to connect Chinese exporters to American retailers. His successor as the chairman is...
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News video: Employees gather to bid Jack Ma farewell on his last day as Alibaba's chairman

Employees gather to bid Jack Ma farewell on his last day as Alibaba's chairman 00:53

Employees gathered to bid farewell to Alibaba's chairman Jack Ma when he visited his old workmates on his last day before retiring.

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