CURRENT AFFAIRS

Detailed explanation-1: -Daniel Zhang, currently Alibaba’s chief executive, will replace him as executive chairman.

Detailed explanation-2: -DANIEL ZHANG-Alibaba Group. Daniel Zhang has been our chairman since September 2019, our chief executive officer since May 2015 and our director since September 2014. He is a founding member of the Alibaba Partnership.

Detailed explanation-3: -Jack Ma was just seen dining in Thailand hours before reports that he was giving up his company. The billionaire clashed with Chinese regulators in 2020, who then cracked down on his companies Alibaba and Ant Group. Ma has largely disappeared from the public eye, and was last seen in Japan in Nov. 2022.

Detailed explanation-4: -Ma stepped down as the chairman of Alibaba in 2019. He still sits on the board of the Jack Ma foundation, which he founded.

Detailed explanation-5: -Ma left Alibaba’s CEO position in 2013 and was succeeded first by Jonathan Lu. In 2015 Lu was replaced by Zhang, the company’s former COO. As its CEO and now its chairman, Zhang has taken Alibaba’s reins as it copes with a slowdown in China’s e-commerce market after a decade of explosive growth.