{"id":2004,"date":"2018-09-10T03:02:04","date_gmt":"2018-09-10T03:02:04","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/alibabas-jack-ma-to-step-down-in-september-2019\/"},"modified":"2018-09-10T03:02:04","modified_gmt":"2018-09-10T03:02:04","slug":"alibabas-jack-ma-to-step-down-in-september-2019","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/alibabas-jack-ma-to-step-down-in-september-2019\/","title":{"rendered":"Alibaba&#8217;s Jack Ma to step down in September 2019"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Alibaba Group Chairman Jack Ma attends a conference in China on September 5, 2018.\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/93A3\/production\/_103359773_gettyimages-1032649562-1.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Jack Ma, the executive chairman of Chinese e-commerce giant Alibaba, will step down in a year, the company has confirmed. <\/p>\n<p>The news follows conflicting reports over the weekend on the timing of his exit.<\/p>\n<p>Mr Ma, one of China&#8217;s richest men, will hand over the reins to Daniel Zhang, currently Alibaba&#8217;s chief executive.<\/p>\n<p>Alibaba is one of the world&#8217;s most valuable companies &#8211; its shares nearly doubled in value last year.<\/p>\n<p>Mr Zhang will become executive chairman on 10 September 2019, the company said in a statement. <\/p>\n<p>Mr Ma will remain a director on Alibaba&#8217;s board for now and a permanent member of the Alibaba Partnership, according to the South China Morning Post.<\/p>\n<p>The billionaire co-founded Alibaba in 1999 and has seen it become one of the world&#8217;s biggest internet companies.<\/p>\n<p>Mr Ma has a current net worth of $36.6bn (\u00a328.3bn), according to Forbes.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-45468399\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Jack Ma, the executive chairman of Chinese e-commerce giant Alibaba, will step down in a year, the company has confirmed. The news follows conflicting reports over the weekend on the timing of his exit. Mr Ma, one of China&#8217;s richest men, will hand over the reins to Daniel Zhang, currently Alibaba&#8217;s &hellip; <\/p>\n","protected":false},"author":0,"featured_media":2005,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=2004"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/2005"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=2004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=2004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=2004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}