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Alibaba's Jack Ma reveals succession plan in letter -- full text

Group CEO Daniel Zhang to become chairman in a year

Alibaba co-founder and Executive Chairman Jack Ma, pictured speaking in Bangkok in April, says he still has "lots of dreams to pursue." (Photo by Takaki Kashiwabara)
| China

Jack Ma Yun, founder and chairman of Chinese e-commerce empire Alibaba Group Holding, on Monday announced plans to step aside a year from now. 

In a letter, Ma said he would make way for CEO Daniel Zhang, and would work with him over the coming 12 months to ensure a smooth transition.

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