National

Finish Line

Axios Finish Line

Jack Ma, co-founder and executive chairman of Chinese e-commerce giant Alibaba, said he will retire on Alibaba's 20th anniversary, which is Sept. 10, 2019. He'll be succeeded by company CEO, Daniel Zhang.

Alibaba was never about Jack Ma, but Jack Ma will forever belong to Alibaba.

Jack Ma in a letter to Alibaba shareholders and employees

Alibaba's Jack Ma announces succession plan

He will be succeeded by Alibaba CEO Daniel Zhang

Ma with his successor, Daniel Zhang. Photo: Getty Images

Business

Alibaba Group

Technology

<p>Jack Ma, co-founder and executive chairman of Chinese e-commerce giant Alibaba, said he will retire on Alibaba&#x27;s 20th anniversary, which is Sept. 10, 2019. He&#x27;ll be succeeded by company CEO, Daniel Zhang.</p><blockquote>Alibaba was never about Jack Ma, but Jack Ma will forever belong to Alibaba.</blockquote><cite>— Jack Ma in a letter to Alibaba shareholders and employees</cite><span data-ad-status="NO_AD_LENGTH" data-ad-type="midStoryAd"></span>

China is becoming the most formidable rival America has faced, and the risk of confrontation with Russia, North Korea or Iran still looms. Authoritarians are rising, the chaotic Afghanistan exit revealed the limits of U.S. power, and the pandemic, climate change and other critical challenges continue to pose grave threats.

Alibaba's Jack Ma announces succession plan

Go deeper