Jack Ma, founder and chairman of Chinese e-commerce tycoon Alibaba will leave his position as the company’s chairman on Sept 10, 2019, according to an official announcement today. CEO Daniel Zhang Yong will take over as chairman.
Ma will stay as board member of Alibaba after Sept 10, 2019 until the company’s annual general meeting of stockholders in 2020, the announcement said. Besides acting as partner of Alibaba, Ma will focus on public welfare and educational business, he said in an open letter to the public on Sept 10, a meaningful day — Ma’s birthday, the founding day of Alibaba and also China’s Teacher’s Day.
After graduating from Hangzhou Normal University, Ma always saw himself a teacher. “Starting a business was only incidental. My biggest dream lies in the education,” he said.