Ma Yun no longer serves as Alibaba director

category:Finance
 Ma Yun no longer serves as Alibaba director


It is worth noting that Alibaba founder Ma Yun did not appear in the latest board members, but he is still one of Alibabas partners. In Alibabas partnership system, the majority of directors on the board of directors are nominated by the partners, instead of allocating directors seats according to the number of shares. Among them, Ma Yun and Cai Chongxin are permanent partners.

No longer a member of Alibabas board of directors is in Mr. Mas plan. On September 10, 2018, Ma Yun issued an open letter, saying that on September 10, 2019, the 20th anniversary of Alibaba one year later, he would no longer be the chairman of the groups board of directors, and Zhang Yong would take over. Ma also made it clear in the open letter that even if he leaves office as the chairman of the board, he will not completely retire, which is his carefully prepared plan for 10 years.

On September 10, 2019, 55 year old ma Yun officially stepped down as chairman of Alibabas board of directors, and the successor was Zhang Yong, 47. In his speech that day, Ma Yun stressed that today is not Ma Yuns retirement, but the beginning of a system inheritance. Today is not a persons choice, but the success of a system. The world is so good, there are so many opportunities, I love to be lively, where I am willing to retire so young. Lets see each other in the river and lake. Well see you in the future Ma concluded in his speech. Two months after Zhang Yong took over as chairman of Alibabas board of directors, Alibaba returned to Hong Kong stock market on November 26, 2019. The Hong Kong stock market closed on the same day, and the market value of Alibaba was HK $4.01 trillion. As of September 30, 2020, the market value of Alibaba was HK $5.91 trillion. In less than a year, the market value of Alibaba increased by HK $1.90 trillion. Ma Yun no longer serves as a director of Alibaba group, extended reading Tokyo Stock Exchange suspended trading all day, tomorrow announced the recovery time, a number of new rules will be implemented from October! The first one is closely related to you. Its hard to get a room for B & B in the same period last year_ NF

On September 10, 2019, 55 year old ma Yun officially stepped down as chairman of Alibabas board of directors, and the successor was Zhang Yong, 47. In his speech that day, Ma Yun stressed that today is not Ma Yuns retirement, but the beginning of a system inheritance. Today is not a persons choice, but the success of a system. The world is so good, there are so many opportunities, I love to be lively, where I am willing to retire so young. Lets see each other in the river and lake. Well see you in the future Ma concluded in his speech.

Mr. Ma is no longer a director of Alibaba group