Alibaba founder Jack Ma to step down in 2019, pledges ‘smooth transition’


Alibaba co-founder Jack Ma announced on Monday he would step down as head of the pioneering Chinese e-commerce giant in one year, a departure already drawing comparisons to the retirement of late Apple founder Steve Jobs.

Analysts said the early withdrawal of the 54-year-old Ma, who became the charismatic face of a company that has revolutionised how and what China’s people consume, will test the company’s ability to carry on Ma’s vision amid rising competition.


Please enter your comment!
Please enter your name here