Alibaba's Jack Ma to retire in 2019, CEO Daniel Zhang to succeed

Jack Ma, founder and executive chairman of Chinese e-commerce giant Alibaba Group Holding Inc., will retire in one year and chief executive Daniel Zhang will succeed him as chairman, the company said Monday.Ma, 54, will retire as chairman on Sept. 10, 2019, the 20th anniversary of Alibaba's founding, but will remain a board member until Alibaba's annual shareholders meeting in 2020."I have put a lot of thought and preparation into this succession plan for ten years," Ma wrote in a letter to customers and employees. "While remaining as executive chairman in the next 12 months, I will work cl…READ FULL ARTICLE