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."
