Jack Ma is one of the world’s richest men and arguably China’s most famous entrepreneur. The Alibaba co-founder is now set to step down from his role as chairman of the e-commerce giant.
Jack Ma, the billionaire co-founder of China's largest e-commerce company Alibaba, has announced he is stepping down as executive chairman. Ma has said he intends to focus his efforts on education and philanthropy.
Nobody fanned the flames of entrepreneurship in China more than Jack Ma, the legendary chairman of e-commerce giant Alibaba. Now he's stepping down, and DW's Frank Sieren says that's good for the company.
Business leaders and analysts see the global population declining in the next century, and China will be badly affected. The Asian nation is well-advised to make precautions soon to avoid a humanitarian crisis.
The founder of Alibaba, Jack Ma, has announced he will step down next year, handing over the reins at the Chinese e-commerce giant to Daniel Zhang — the current chief executive, who some believe will usher in a new era.
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