Passing The Alibaba Torch

Chinese entrepreneur Jack Ma shared an important lesson in leadership when he decided to step down as chairman of Alibaba, the e-commerce company he created. The tech titan revealed Monday that he has started the process of “passing the Alibaba torch” to current chief executive officer Daniel Zhang. Ma said the handover had been a decade in the planning and has helped shape Alibaba into the multibillion-dollar e-commerce giant it is today. “I have put a lot of thought and preparation into this succession plan for ten years. This transition demonstrates that Alibaba has stepped up to the next level of corporate governance.”

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