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Jack Ma to Hand Alibaba's Helm to CEO Daniel Zhang Next Year

  • The billionaire entrepreneur intends to quit the board in 2020
  • His retirement caps a 19-year run for Asia’s largest company
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Alibaba is heralding the end of the Jack Ma era.

A former English teacher who helped found Alibaba Group Holding Ltd. two decades ago, Ma outlined plans to hand the executive chairman role to Daniel Zhang, a finance veteran who’s presided over an ambitious expansion and won over investors in three years as chief executive officer.