China’s leading internet entrepreneur, Jack Ma, springs a surprise
|SHANGHAI |2 min read
“FELLOW Aliren,” begins the memo sent on January 15th by Jack Ma, the boss of Alibaba, using his pet name for his staff. “The internet belongs to young people…at 48, I am no longer ‘young’ for the internet business.” With those words Mr Ma, the founder and chief executive of China’s biggest e-commerce firm, announced he would step aside in May.
This article appeared in the Business section of the print edition under the headline “Alibyebye?”
From the January 19th 2013 edition
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