The end of an era | Bloomberg

Author: James Alexander Michie

The wealthiest man in China has become similar to converting the company that started his Hangzhou apartment into a global e-commerce giant with cloud computing and package delivery companies. Likewise, the end of an era has been announced and in the same way, Jack Ma announced plans to deliver the role of CEO to Daniel Zhang, who is a veteran in the area of finance who has presided over an ambitious expansion and has won investors in three years as executive director.

Jack Ma will hand over the helm of Alibaba Group Holding Ltd. to CEO Daniel Zhang next year. Meanwhile, Jack Ma will legally pass the baton in punctually 12 months, on his 55th birthday, but he will persist in the council until 2020. In addition to this, Ma has declared that his plans are to focus on education and philanthropy, and he wants to pursue " New dreams". Similarly, Ma pointed out "I have prepared a Jack Ma Foundation. All these things that I have been preparing for 10 years" and likewise said "There are many things I can learn from Bill Gates, I can never be so rich, but one thing that I can to do better is to retire before. "

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