Alibaba’s Jack Ma to Step Down as Executive Chairman

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BEIJING—Jack Ma, the billionaire tycoon who rode the currents of China’s rising affluence to construct one of many world’s greatest e-commerce firms, is planning a transition out of his function as government chairman at Alibaba Group Holding Ltd. to deal with philanthropy and different pursuits, in accordance with an individual aware of the scenario.

Mr. Ma is predicted to reveal his plans, together with a timeline for the transition, on Monday, when he turns 54, the individual mentioned. The individual emphasised that Mr. Ma desires to make sure an orderly transition…

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