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A look back at how Jack Ma turned Alibaba into Asia's most valuable firm

The Alibaba Partnership is established to ensure management control of the company

Lulu Yilun Chen | Bloomberg 

Jack Ma laid out plans for leaving Alibaba Group Holding Ltd. on Monday, his 54th birthday. China’s richest man says he will focus much of his time -- and $40 billion fortune -- on education and philanthropy.

Ma will step down as executive chairman at the e-commerce giant in 12 months with Chief Executive Officer Daniel Zhang succeeding him as chairman. Ma will then leave the board in 2020. Here is a look at how Ma turned Alibaba into Asia’s most valuable firm: *1999: Jack Ma founds Alibaba with 17 other people in Hangzhou, China, with ...

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First Published: Mon, September 10 2018. 08:48 IST
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