Beijing: Jack Ma, who founded Alibaba Group, on Tuesday stepped down as the chairman of the world’s biggest e-commerce company.
Ma stepping down comes at a time when the rapidly changing industry faces uncertainty amid a US-Chinese trade war, news agency AP reported.
He will, however, stay on as a member of the Alibaba Partnership, a group of 36 people with the right to nominate a majority of the company’s board of directors.
Ma, 55, founded Alibaba in 1999 to connect Chinese exporters to American retailers.
