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Jack Ma Resigns from Alibaba Group Holding Ltd.
September 12, 2019
Jack Ma is stepping down as the executive chairman of Alibaba Group which is China’s largest company after nearly 20 years of holding the position. He decided to make the move on his 55th birthday and after generating 41.8 billion USD worth of fortune.
Jack Ma and a few other co-founders of Alibaba Group built a massive online marketing place that grew into a 460 billion USD enterprise. However, now he has handed over the helm to finance guru Daniel Zhang.
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