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The letter sets Jack Ma’s retirement date

The letter sets Jack Ma's retirement date 4

The letter sets Jack Ma’s retirement date

Alibaba has just announced a plan to change leadership.

Dear Alibaba customers, employees and shareholders.

This year is Alibaba’s 19th anniversary.

I have thought and prepared a lot for this plan over the past 10 years.

Jack Ma and Daniel Zhang at an Alibaba event in 2015. Photo: Reuters

This move shows that Alibaba has moved to a new level in corporate governance.

When we founded Alibaba in 1999, our goal was to build a company that could make China and the world proud, a company that could survive three centuries, until it was 102 years old.

10 years ago, we asked ourselves this question: How did Alibaba grow sustainably after Jack Ma left the company?

I trained to become a teacher.

Alibaba is a surprising company, not because of its business, or its size, or its achievements.

The cooperation system we develop is an innovative solution for corporate governance and sustainable development.

The letter sets Jack Ma's retirement date

Jack Ma sings at the company’s celebration

Jack Ma sings at the company’s celebration.

Since our founding in 1999, we have always believed that Alibaba’s future will need to rely on `talent`, to carry out a successful leadership transition plan.

Daniel has been at Alibaba for 11 years.

For these reasons, he and his team have earned the trust and support of customers, employees and shareholders.

As for me, I still have many dreams to pursue.

There is one thing I can promise everyone: Alibaba is never just about Jack Ma.

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