Beijing (AP) -- the world's most successful Internet entrepreneurs, one of Mr Ma e-commerce giant alibaba group's founder, announced on Tuesday that he step down the CEO, but will stay on as chairman.
For employees in the letter, Mr Ma said, "he will no longer be CEO, May 10, but will remain active executive chairman. He said his successor will be named in May, but there is no evidence that this will be the who.
Alibaba group alibaba's enterprise to the enterprise and the consumer as the guidance of taobao and Tmall platform is one of the world's most busy e-commerce store. The group management China yahoo's arm.
Horse, former English teacher, founded in 1999, the alibaba suppliers in China and foreign retailers connected. Hu run rich, this is the China's rich, it is estimated that he recently for $2.4 billion last year.
Mr Ma said, in the and, he is no longer young Internet industry standards and alibaba need to promote young leaders. And he said, who was born in the 1960 s to alibaba executive responsibility to give young manager this year.
"He wrote," it's not because I want to take this becomes easy. "This is because I see alibaba's young people have a better, more wonderful than my dream, they are more able to build a belong to their future."
The move is a week later, alibaba announced that the company reorganization of seven business units into 25 smaller differences in China means that unrest Internet market competition more effectively. Mr Ma said, it will be the most difficult "cultural transition" in the history of the company.
The horse is China's Internet entrepreneurs to establish a successful enterprise in the electronic commerce, entertainment, search and other areas of generation. In addition to the horse, several other people become billionaires, the search giant baidu, the interviewees MaHuaTeng of tencent, entertainment and the gateway website company.
China has the world's largest Internet user groups, and 2012 at the end of to 564 million people on the Internet, according to industry group, China Internet network information center.
The country's behind the United States and Japan's total e-commerce, but by the Boston consulting group forecast, in 2015 to no. 1 position.
Alibaba group is a private enterprise, not report its financial condition. But the company says, November 11,, an informal festival in China is called "single day" has become a popular online shopping day, more than 50000 merchants on taobao Tmall.com in a total 910 billion yuan ($3 billion). This will be the largest electronic business days written record.
Yahoo paid $10 billion us dollars, the alibaba's shares in 2005 turned yahoo China control. But this kind of tension alibaba rapid growth, and yahoo atrophy, facing the competition.
September this year, alibaba paid $7.1 billion cash and stock buy back by yahoo owns the company 40% of about half. The American company still owns 23% of.



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