Daniel Zhang to succeed Jack Ma as Alibaba’s next chairman
11-year Alibaba veteran was the mastermind behind annual mega sales event on Singles Day
The man who’s taking up the torch from Jack Ma a year from now once explained why he joined Chinese e-commerce giant Alibaba Group.
From failing student to Alibaba founder: The story of Jack Ma
It’s part of a succession plan that was 10 years in the making.
“Teachers always want their students to exceed them, so the responsible thing to do for me and the company to do is to let younger, more talented people take over in leadership roles so that they inherit our mission ‘to make it easy to do business anywhere.’”
Alibaba, China's e-commerce giant
The career of Zhang, 46, has been intricately linked to Taobao and Tmall -- the two shopping platforms that cemented Alibaba as the king of ecommerce in China.
Zhang was appointed Alibaba CEO in 2015, a year after Alibaba’s debut on the New York Stock Exchange. At the company’s annual party last year, he offered a glimpse of his vision for Alibaba in the coming decade.
(Abacus is a unit of the South China Morning Post, which is owned by Alibaba.)
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For more insights into China tech, sign up for our tech newsletters, subscribe to our Inside China Tech podcast, and download the comprehensive 2019 China Internet Report. Also roam China Tech City, an award-winning interactive digital map at our sister site Abacus.