Tuesday, October 6, 2020 – 12:00 GMT
Alibaba’s official website updates the leadership team page Jack Ma is removed from the board of directors.
On the 6th, the official website of the Alibaba Group’s “Leadership Committee” column was changed and Jack Ma was excluded from the list of board members.
On September 30, Alibaba announced on the Hong Kong Stock Exchange that on the day of the launch, the Board of Directors of Alibaba included Zhang Yong (Chairman of the Board), Cai Chongxin, Wu Wei, J. Michael Evans, Jing Xiandong and Kabir Misra; and Tung Chee-hwa, Guo Deming, Yang Zhiyuan, E. Börje Ekholm and Wan Ling Martello, the Independent Directors.
To complete a thorough and seamless handover, Jack Ma will no longer act as a director of the Alibaba Group
On September 30, the announcement of the annual shareholders ‘ meeting of the Alibaba Group indicated that from now on. Jack Ma will no longer act as the director of the Alibaba Group under a series of inheritance agreements two years ago.
Jack Ma released a complete letter in September 2018 stating that he would no longer serve as chairman of the Alibaba Group board of directors on Alibaba ‘s 20th anniversary in 2019 and will be succeeded by Zhang Yong.
Around the same time, he will continue to work as a member of the board of directors for the organisation’s smooth transition. Until the 2020 Annual General Shareholders ‘ Meeting of Alibaba.
A year ago, Zhang Yong successfully took over as the Chairman and CEO of the Board of Directors of Alibaba.
The resignation of Jack Ma from the director of Ali as scheduled this time means that the handover has been successfully completed by Alibaba.
And Jack Ma, as he promised, “Always be the No.
1 employee and associate of Ali.” Alibaba has engaged in the global battle against the disease since the beginning of this year and promoted the resumption of small and micro-business work and development. One of the most powerful powers is the Jack Ma base.
At the same time, in line with his many years of inspiration, Jack Ma also devotes more resources to public health and growth, including fostering rural growth, protecting the atmosphere, cultivating African youth and entrepreneurs, and empowering women.
Ali is now developing a scheme of “partners,” with Jack Ma and Cai Chongxin as permanent partners.
Even if he leaves the board of directors, according to the machine configuration, Jack Ma still has ample power over Alibaba.