9/10/2018

Another year, Alibaba CEO Zhang Yong takes over Jack Ma as chairman

On the day of Chinese Teacher's Day on September 10, Alibaba Group founder Jack Ma issued an open letter entitled “Happy Teacher's Day” announced that one year later, on the 20th anniversary of Alibaba, on September 10, 2019, he will not Then served as the chairman of the group's board of directors, then the current group CEO Zhang Yong take over. For Alibaba, he said, "Ali never belongs to Jack Ma, but Jack Ma will always belong to Ali."

Jack Ma said in the letter that to continue the great mission of “making the world a business that is not difficult to do”, more Jack Ma and generations of Ali are needed to fight for it. “The new partner mechanism we created, we The unique culture and the elite team of talents will lay a solid institutional foundation for the company's heritage."

Jack Ma is not a retired, he is still an employee and partner of Alibaba 000001. As stated in the letter, “continue to contribute and contribute to the organizational mechanism of Alibaba's partners”, Jack Ma is undoubtedly the cohesive of Alibaba's economy and always the most loyal guardian of Alibaba's mission, vision and values. And advocates.

Jack Ma is also not retired. He is also a spokesperson for rural teachers, chairman of the Alibaba Poverty Alleviation Fund, founder of the Jack Ma Charity Fund, and a special adviser to the Youth and Small Business of the United Nations Conference on Trade and Development. He said in his letter: "I I want to return to education, and doing what I love will make me very excited and happy." Education, poverty alleviation, environmental protection, and public welfare are all careers that he has long devoted and will be more committed to.

According to reports, this is a plan that Jack Ma has carefully considered and carefully prepared for 10 years. Ten years ago, Alibaba established a partnership mechanism to solve the problem of innovation of scale companies, leaders' inheritance issues, future burdens and cultural heritage issues, and the perfect combination of institutions, people and culture to enable the company to develop healthily and sustainably. . Jack Ma said in the letter: "We believe that only by establishing a system, forming a unique culture, and cultivating and training a successor system of a large number of talents can we solve the problem of enterprise inheritance and development. For this reason, this decade We have never stopped working hard and practicing."

Zhang Yong, who will take over as chairman of the board of directors one year later, is called "outstanding business leader" by Jack Ma as a partner in the team. Jack Ma believes that in his more than three years as CEO, Zhang Yong has led Ali in long-term development with outstanding business talent, determined leadership, supercomputer logic and thinking ability, achieving continuous health for 13 consecutive quarters. High-speed growth has proved to be China's best CEO; more because of his strategic structure and organizational culture, Alibaba's relay torch is handed over to him and his team is Jack Ma and Alibaba's partner group. The most correct decision now.

The two sentences at the end of the letter can be seen as Jack Ma’s mood at this time. To himself, he said, “The world is so big, I am still young”; for Alibaba, he said, “Ali never belongs to me, but I will always belong to Ali."

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