Jack Ma has formally confirmed his retirement from Alibaba Group Holding Ltd., detailing plans on passing control to CEO Daniel Zhang in 2019. Ma, Asia’s richest man, plans to exit on his 55th birthday next year, but will remain on the Alibaba board until 2020. He plans to focus on philanthropy and education, he said in a statement.

Topics:  jack ma   alibaba group holding ltd   ceo daniel zhang   ma   asia s   alibaba   exit   dreams   plans   statement   
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