BEIJING—Jack Ma, who founded e-commerce giant Alibaba Group and helped launch China’s online retailing boom, announced Sept. 10 that he will step down as the company’s chairman next September.
In a letter released by Alibaba, Ma said he will be succeeded by CEO Daniel Zhang, an 11-year veteran of the company. Ma handed over the CEO post to Zhang in 2013 as part of what he said was a long-planned succession.
