Following speculation about Jack Ma Immediate retirement, Alibaba Group CEO Daniel Chan announced today that he will succeed Horse next year. After retiring as President on September 10, 2019 (exactly one year), the horse will chair the General Meeting of Shareholders in 2020.
Later, the horse will be a surviving partner of Alibaba's partnership, or a group of 36 partners of senior rank of Alibaba. Group companies and subsidiaries. They exercise considerable influence on the company as they have the right to appoint in a majority of the boards or to appoint in certain circumstances.
Alibaba 's announcement follows the report that retirement from the company, co – founded as an online market in 1999, is imminent with former English teacher Ma who was devoted to education charity. However, these reports told South China Morning Post (belonging to Alibaba) that its role will shrink gradually through its successor plan.
Horses handed the way to Jonathan Ruu and assumed the position of CEO in 2013. Lu was replaced by Zhang which was former COO of Alibaba in 2015. Horses told employees that the time has come to be managed by people born in the 1970s (Lu was born in 1972 three years after Lu)
In the letter sent to today's media, Horse wrote that Zhang "demonstrates his talent, his sharp business sense and his decisive leadership, as he has." …
Hope you like the above news
Alibaba announces Daniel Zhang CEO to make the next president successful Jack Ma - News
. Stay Tuned For More Updates :)