Alibaba Co-founder Jack Ma to step down as chairman on 55th b'day
Chinese billionaire and Alibaba Co-founder Jack Ma today announced he will step down as the company's Executive Chairman on his 55th birthday on September 10, 2019. Ma, a former English teacher who turned 54 today, will be succeeded by current CEO Daniel Zhang. However, Ma will remain on Alibaba's board of directors until the company's annual general meeting in 2020.