Jack Ma is a Chinese business magnate, investor, and philanthropist who co-founded Alibaba Group, a multinational technology conglomerate1. He was born on September 10, 19641. He stepped down as Alibaba’s executive chairman in 2019 and is now planning to give up control of fintech Ant Group2. Recently, he engineered from abroad the corporate breakup of his e-commerce empire, as he wanted to make it more competitive and efficient in China.
Despite having stepped down as executive chairman of Alibaba in 2019, Mr. Ma remained an influential figure at the company and is active in deciding its strategy, the people said. In recent months, he held calls with Alibaba's top executives, including the current chairman and chief executive Daniel Zhang, urging them to split up the company, saying it would make it more nimble and competitive in China's increasingly crowded market, the people said.
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