Tag Archives: Alibaba&#39s

Alibaba's Jack Ma is a Communist Party member, China state paper reveals

Alibaba's Jack Ma is a Communist Party member, China state paper revealsJack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China’s best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached. The People’s Daily revealed Ma’s Party membership in a list of 100 people it said had helped drive the country “reform and opening up” process. Ma is China’s richest man with a fortune of $ 35.8 billion, according to Forbes.



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Alibaba's Jack Ma to step down in 2019, pledges smooth transition

Alibaba's Jack Ma to step down in 2019, pledges smooth transitionAlibaba co-founder Jack Ma announced on Monday he would step down as head of the pioneering Chinese e-commerce giant in one year, a departure already drawing comparisons to the retirement of late Apple founder Steve Jobs. Analysts said the early withdrawal of 54-year-old Ma, the charismatic face of a company that has revolutionised how and what China’s people consume, will challenge Alibaba to carry on Ma’s vision amid rising competition. “Day-to-day operations-wise Alibaba will not be affected that much.



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Alibaba's Jack Ma to unveil succession plan next week, remain chairman

Alibaba's Jack Ma to unveil succession plan next week, remain chairmanAlibaba Group Holding Ltd’s billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being. Ma will announce the plan on his 54th birthday and the handover strategy will stretch over a significant period of time, the South China Morning Post (SCMP) newspaper reported citing a company spokesman. Alibaba declined to comment but pointed towards the SCMP story when asked about Ma’s plans.



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Alibaba's Jack Ma to unveil succession plan next week, remain chairman

Alibaba's Jack Ma to unveil succession plan next week, remain chairmanAlibaba Group Holding Ltd’s billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being. Ma will announce the plan on his 54th birthday and the handover strategy will stretch over a significant period of time, the South China Morning Post (SCMP) newspaper reported citing a company spokesman. Alibaba declined to comment but pointed towards the SCMP story when asked about Ma’s plans.



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