Latest Global Business News

Alibaba's founder Jack Ma to step down next September; leaves with cool hairstyle

 
The founder of Alibaba announced he will step down from his post, next September.
 
Jack Ma plans to hand over the chairmanship to current CEO, Daniel Zhang, who's been with the company for eleven years.
But the rags-to-riches entrepreneur will stay on the board until 2020.
 
He also owns 6-point-4 percent of AliBaba shares.
Next on challenge in life for the former English teacher: a return to education and focus philanthropy.
 
He co-founded the Chinese e-commerce giant in 1999 and expanded it into one of the world's biggest IT companies.
 
alibaba jack ma to step down
 
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------

Add comment

Emails are optional and for tracking replies. Names are unique; get yours today with a comment!


Security code
Refresh

La Business

French Queen Marie Antoinette pearl sold for record price at auction
French Queen Marie Antoinette pearl sold for record price at auction

  A pearl once belonging to 18th Century French Queen Marie Antoinette has sold for  [ ... ]

Read more la
Chinese shoppers spend 31bil on Singles' Day
Chinese shoppers spend 31bil on Singles' Day

  We all love a good bargain, but nothing simply comes close to the massive purcha [ ... ]

Read more la
Google employees go on strike
Google employees go on strike

  In New York,... more than three thousand Google employees protested in a city  [ ... ]

Read more la
World falling into recession 2018?
World falling into recession 2018?

  "Uncertainty" is a word we've been hearing more and more on the news these days. [ ... ]

Read more la
Stocks on Wall Street suffer worst day in eight months on Wednesday
Stocks on Wall Street suffer worst day in eight months on Wednesday

  Carnage on the markets.
U.S. stocks posted their worst single-day drop in mont [ ... ]

Read more la
US Federal Reserve raises interest rates by 0.25%
US Federal Reserve raises interest rates by 0.25%

  In a highly-anticipated move,... the U.S. Federal Reserve has hiked interest [ ... ]

Read more la
Will China tax iPhone 25%? Trump to place new tariffs on USD200 bil of Chinese goods...
Will China tax iPhone 25%? Trump to place new tariffs on USD200 bil of Chinese goods...

  Despite his Treasury Secretary's attempts to revive trade talks with China,  [ ... ]

Read more la
Alibaba's founder Jack Ma to step down next September; leaves with cool hairstyle
Alibaba's founder Jack Ma to step down next September; leaves with cool hairstyle

  The founder of Alibaba announced he will step down from his post, next Sep [ ... ]

Read more la
Trump ready to slap tariffs on US$200 billion of China imports: report
Trump ready to slap tariffs on US$200 billion of China imports: report

  U.S. President Donald Trump is reportedly ready to impose tariffs on 200 billi [ ... ]

Read more la
Coca-Cola to buy Costa Coffee for £3.9 billion
Coca-Cola to buy Costa Coffee for £3.9 billion

  Whitbread has struck a deal to sell the Costa Coffee chain to Coca-Cola for £ [ ... ]

Read more la
Argentina raises interest rates to 60% as peso continues to drop
Argentina raises interest rates to 60% as peso continues to drop

  Argentina's central bank has raised interest rates to 60 percent - up from 45 -  [ ... ]

Read more la
Turkish Lira Collapses
Turkish Lira Collapses

  Amid widespread worries following the sudden capitualtion of the Turkish l [ ... ]

Read more la
Apple becomes first trillion-dollar U.S. company
Apple becomes first trillion-dollar U.S. company

  Apple has become the world's first company worth a trillion dollars. The iP [ ... ]

Read more la
ECB leaves rates on hold and confirms bond tapering plan
ECB leaves rates on hold and confirms bond tapering plan

  The European Central Bank left rates unchanged on Thursday and confirmed pla [ ... ]

Read more la
China vs US trade war 0:0 Trump kicks off new tariffs
China vs US trade war 0:0 Trump kicks off new tariffs

  Let's start with the looming threat to world trade... Another round of tari [ ... ]

Read more la
Fed hikes rates, points to 2 more increases by end of 2018
Fed hikes rates, points to 2 more increases by end of 2018

  The Federal Reserve has hiked U.S. rates yet again,... by its usual 25 basis [ ... ]

Read more la

Our Sponsors


La Latest

Lim Eun-soo turns Skating Queen

  Teenage figure skater Lim Eun-soo has won her first senior Grand Prix medal, [ ... ]

Read more la
Justin Bieber to settle lawsuit filed by ex-neighbours

  Pop star Justin Bieber has agreed to settle a long-standing lawsuit filed by a [ ... ]

Read more la
Driver shooting at police

  A man shot at a police officer after being stopped for a traffic violation [ ... ]

Read more la
French Queen Marie Antoinette pearl sold for record price at auction

  A pearl once belonging to 18th Century French Queen Marie Antoinette has sold for  [ ... ]

Read more la
Interview with Blockchain Research Institute Founder Alex Tapscott

  From startups to global corporate giants, many are joining in the race to use bl [ ... ]

Read more la
King of comics, Stan Lee, goes to heaven, aged 95

  Stan Lee has died aged 95. The creator of Marvel Universe revolutionised Hol [ ... ]

Read more la
Chinese shoppers spend 31bil on Singles' Day

  We all love a good bargain, but nothing simply comes close to the massive purcha [ ... ]

Read more la
Donald Trump attacks Obamas and Acosta

  Donald Trump says Michelle Obama has made controversial comments about him t [ ... ]

Read more la

La Entertain

BTS' first feature film "Burn the Stage: The Movie" hits cinemas worldwide

  Thrilling news for BTS fans. The first official movie of the K-pop sensations fi [ ... ]

Read more la
Jennifer Lopez wants your sexy vote for US midterm elections

  Oprah, Alicia Keys and Jennifer Lopez are just some of the celebrities to urge [ ... ]

Read more la
Spice Girls Reunite For 2019 UK Tour without Posh

  After teasing fans with a reunion for years, the Spice Girls are finally r [ ... ]

Read more la
Busan International Film Festival 2018

  The Busan International Film Festival is back for its 23rd edition in Korea' [ ... ]

Read more la
Fan Bingbing appears on planet earth again

  After vanishing for months,.... China's top actress Fan Bingbing has resurface [ ... ]

Read more la
BTS becomes first K-pop group to speak at UN General Assembly

  President Moon is not the only one representing South Korea at the UN Gene [ ... ]

Read more la
Paris Jackson, Gigi Hadid, Paris Hilton at Jeremy Scott Runway 2018

  Cardi B supports husband, Offset, as he walks the runway at Jeremy Scott's s [ ... ]

Read more la
Ariana Grande faints after being molested?

  The bishop who officiated Aretha Franklin's funeral apologised to Ariana G [ ... ]

Read more la