ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Jack Ma to turn over reins of Alibaba to CEO Daniel Zhang

Chinese tech conglomerate lays out 12-month transition plan

Alibaba founder and Chairman Jack Ma Yun, left, and CEO Daniel Zhang attend the New York Stock Exchange's bell ringing ceremony during Alibaba Group's 11.11 Global Shopping Festival in Beijing in 2015.    © Reuters

HONG KONG -- Jack Ma Yun will step down as executive chairman of Alibaba Group Holding in one year and be succeeded by Chief Executive Officer Daniel Zhang, marking a watershed moment for the Chinese technology powerhouse as it shifts to a new generation of leadership.

Alibaba, China’s most valuable company as measured by market capitalization, said on Monday that Ma would remain in his current position as executive chairman until Sept. 10, 2019, "to ensure a smooth transition of the chairmanship."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more