His farewell party is taking place in an 80,000-seat stadium.
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This story originally appeared on Business Insider
Jack Ma, the flamboyant tech personality and the richest man in China, is leaving his $460 billion Alibaba empire 20 years after founding the company.
Ma is stepping down as the chairman of Alibaba Group on Tuesday, his 55th birthday, as part of a that “if Alibaba wants to find new innovations or trends, this is going to be more difficult than before.”
“For Daniel Zhang,” Liu said, “this will be a big challenge.”