Jack Ma, who has been CEO of Chinese eCommerce company Alibaba for the past 14 years, will step down on May 10, 2013 but remain as company chairman, TechCrunch reported. Ma will focus on Alibaba’s strategic vision, talent development to grow the internal leadership team, and corporate social responsibility efforts, the site reported. Alibaba’s new CEO will be announced when Ma steps down.
Just last week the company announced it’s undergoing major business reorganization that will divide the company into 25 different units. In December we reported that Alibaba sold over one trillion RMB ($157 billion) worth of goods in 2012, making it the largest eCommerce site in the world by a wide margin.
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