China e-trade tycoon Ma to resign as Alibaba CEO
- Published: 15 Jan 2013 at 19.45
- Online news: Asia
High-profile Chinese entrepreneur Jack Ma will step down as CEO of online retail giant Alibaba in May, but remain executive chairman, the company said Tuesday.
Founder of online retail giant Alibaba Jack Ma delivers a speech on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Lima on November 19, 2008. Ma will step down as CEO of Alibaba in May, but remain executive chairman, the company said Tuesday.
In a letter sent to employees of the company he founded, Ma, 48, said he would step aside as chief executive on May 10 but retain his post as chairman to continue providing strategic direction.
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