Alibaba's Ma steps down as industry faces uncertainty

Beijing: Jack Ma, who founded Alibaba Group, the world's biggest e-commerce company, is stepping down as chairman at a time when the ...

Beijing: Jack Ma, who founded Alibaba Group, the world's biggest e-commerce company, is stepping down as chairman at a time when the rapidly changing industry faces uncertainty amid a US-Chinese trade war.

Ma stepped down Tuesday as part of a succession announced a year earlier. He will stay on as a member of the Alibaba Partnership, a group of 36 people with the right to nominate a majority of the company's board of directors.

Ma, 55, founded Alibaba in 1999 to connect Chinese exporters to American retailers.

The company has shifted its focus to serving China's growing consumer market. Domestic businesses accounted for 66 per cent of its USD 16.7 billion in revenue in the quarter ending in June.

- Source: News Agency

COMMENTS


*

Name

AROUND THE GLOBE,349,business,4,BY READERS,303,FEATURE,154,GLOBE,12,KERALA,4,Movie,198,SPECIAL STORY,247,TAMILNADU,2,TOP STORY,599,TRAVEL,8,
ltr
item
Local Glob: Alibaba's Ma steps down as industry faces uncertainty
Alibaba's Ma steps down as industry faces uncertainty
https://1.bp.blogspot.com/-ntRbn7gonOM/XXeu-p5z2bI/AAAAAAAAK90/F0ooKnnxzcAJ0fE6aTMzeStBFaZxPXvZACLcBGAs/s320/alibab%2Bbose.png
https://1.bp.blogspot.com/-ntRbn7gonOM/XXeu-p5z2bI/AAAAAAAAK90/F0ooKnnxzcAJ0fE6aTMzeStBFaZxPXvZACLcBGAs/s72-c/alibab%2Bbose.png
Local Glob
http://www.localglob.com/2019/09/alibabas-ma-steps-down-as-industry.html
http://www.localglob.com/
http://www.localglob.com/
http://www.localglob.com/2019/09/alibabas-ma-steps-down-as-industry.html
true
8255692317570297677
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy