Jack Ma to unveil succession plans, not imminent retirement: Report

The SCMP, which is owned by Alibaba, said China's most famous tech billionaire will "unveil a succession strategy" on Monday — his 54th birthday — but remain the company's executive chairman for the foreseeable future. The New York Times ran an article on Friday, based on an interview with Ma, saying the former teacher turned billionaire planned to use his birthday to announce his retirement as chairman of Alibaba to focus on philanthropy.

from Times of India https://ift.tt/2wVkFM1