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Jack Ma steps down as Alibaba CEO
马云正式辞去阿里巴巴CEO 回顾传奇人生
Jack Ma, CEO of Alibaba group, the world’s largest online retailer, is about to step down from the top job. Ma is expected to formalise his resignation at the 10-year anniversary ceremony of Taobao.com, China’s largest online sales platform. The decision comes as Alibaba prepares a huge stock offering set to dwarf even Facebook.
"Jack Ma will not have to supervise the daily operations of the company. But I’m sure he will have the final say on some important things such as investments, merger and acquisitions, and other strategic decisions of the company. So I think there are no fundamental changes to Ma’s role,” Chairman of Alabs.com Fang Xingdong
Jack Ma is one of China’s most well-known corporate personalities and has single-handedly inspired a whole generation of young aspiring entrepreneurs.
From a college English teacher to China’s e-commerce tycoon, Ma’s journey to the top has certainly been an unconventional one. For a look back, we’re joined in the studio by our reporter Yin Hang. Yin Hang, it seems Jack Ma is bowing out at the peak of his career?
YH: As one of China’s best known corporate figures, billionaire Jack Ma, will step down as CEO of Alibaba Group, passing the reins to "a younger, better equipped" generation, as he puts it. Ma, a former tour guide and English teacher and self-styled "China’s Forrest Gump", said most of Alibaba’s executives "born in the 1960s" would also pass their leadership responsibilities to younger colleagues. Now let’s look back at his success with Alibaba and Taobao.com.
