China Business & Economy

Alibaba Founder Jack Ma Announces Resignation as Beijing Clamps Down on Private Firms

Alibaba Founder Jack Ma Announces Resignation as Beijing Clamps Down on Private Firms
An Alibaba Group sign at the Consumer Electronics Show 2017 in Las Vegas on Jan. 5, 2017. David Becker/Getty Images
Annie Wu
|Updated:
The chairman and founder of Chinese tech giant Alibaba Group Holding Ltd. has announced his plans to step down, in a letter released by the company on Sept. 10.
Jack Ma, 54, will retire next year on Sept. 10, passing the baton to current CEO Daniel Zhang.
Annie Wu
Annie Wu
Author
Annie Wu joined the full-time staff at the Epoch Times in July 2014. That year, she won a first-place award from the New York Press Association for best spot news coverage. She is a graduate of Barnard College and the Columbia University Graduate School of Journalism.
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