![Alibaba's Jack Ma to step down in one year, hand baton to CEO Zhang](http://news.littlecdn.com/600x360/1536564546_5b961d4242acd.jpeg)
Alibaba's Jack Ma to step down in one year, hand baton to CEO Zhang
Jack Ma, the charismatic co-founder of China's largest e-commerce firm Alibaba Group Holding Ltd, will step down as chairman in one year to concentrate on philanthropy and education, passing on the reins to trusted lieutenant Daniel Zhang.