Chinese billionaire Jack MA (Jack Ma), the head of the giant retailer Alibaba Group, will leave the management of the company. This event will occur a year later on 10 September 2019, just as the twentieth anniversary of the company.
For 54-year-old Jack MA place will be Daniel Zhang (Daniel Zhang), now occupies the post of Director-General of Alibaba. Jack MA will remain a member of the Board of Directors of Alibaba Group prior to the annual meeting of stockholders in 2020. He also will remain at the head of the Alibaba Partnership,
As noted by Jack MA in his open letter, he would like to return to education and he is still young enough to try something new.