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Alibaba's Jack Ma announces succession plan

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

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.

QuoteAlibaba was never about Jack Ma, but Jack Ma will forever belong to Alibaba.
— Jack Ma in a letter to Alibaba shareholders and employees