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Daniel Zhang to succeed Jack Ma as Alibaba’s next chairman
11-year Alibaba veteran was the mastermind behind annual mega sales event on Singles Day
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This article originally appeared on ABACUS
The man who’s taking up the torch from Jack Ma a year from now once explained why he joined Chinese e-commerce giant Alibaba Group.
“At the time I told my wife I was going to Hangzhou to work for Alibaba. She thought it was pretty good because she’s a fan of Taobao,” Daniel Zhang told Fortune China last year.

It turned out to be a wise decision. More than a decade later, on Alibaba’s 19th anniversary, Ma -- who turned 54 on the same day -- announced he will promote Zhang to executive chairman in 12 months’ time. Ma himself will stay on the board of directors until 2020 and remain a lifetime member of Alibaba Partnership -- a team of three dozen people tasked to preserve the founding spirit of the company.
From failing student to Alibaba founder: The story of Jack Ma
It’s part of a succession plan that was 10 years in the making.
“No company can rely solely on its founders,” Ma wrote in a letter addressed to Alibaba staff, shareholders and customers on Monday.
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