Alibaba Chairman Jack Ma retired from his position on September 10, 2019.

 Daniel Zhang, Alibaba's CEO, will replace Jack Ma as Executive Chairman of the group.

About Alibaba Company-

Jack Ma founded Alibaba in his small shared apartment in Hangzhou in 1999 along with a group of 18 founders, whom he convinced to invest in the online marketplace. 

Alibaba grew into an international heavyweight and it is now currently valued at over $ 460 billion. Jack Ma himself enjoys a net worth $38.6bn and is among the world's richest billionaires.



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