E-Commerce

Jack Ma Stepping Down as the Chairman of Alibaba

The Driving force of Alibaba, Jack Ma is stepping down as the Chairman of the e-commerce behemoth that he created. He was one of the most charismatic business leaders in the corporate world and his stepping down would create a great void difficult to fill. However, this has shown no negative signs on the company itself. The performance is up to the mark and the share prices are stable unlike what happens to other companies when their leaders are about to leave. This is the true quality of Jack Ma who has built a culture of innovation and growth that would continue far long after his stepping down.

Ma would still be involved in various advisory roles of the company as his successors would need his expert knowledge of the market and the business world to succeed. The new CEO of Alibaba Daniel Zhang, and Co-founder and Executive Vice Chairman Joseph Tsai who were announced a year ago are the perfect heirs to the throne according to many industry experts. The best part is the culture that has been developed by Jack Ma, which will have its positive implications on the future of the company.

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