Alibaba's Jack Ma to unveil succession plan next week

Published on 9 Sep 2018 3:02:07 PM

Alibaba's billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being, according to a report by the South China Morning Post.

It refutes a widely cited report by the New York Times on Friday, which claimed that Ma was retiring.