Jack MA made an important decision on 10^th September, the Teachers’ Day: he will resign as the board chairman of Alibaba on 10^th September, 2019, the 20^th anniversary of the establishment of Alibaba.ZHANG Yong, current CEO of Alibaba Group, will succeed to the position.

It is a mature and serious plan he has made for 10 years, according to MA.

MA will not retire. He said: “Iwant to return to education. Doing something I truly love makes me excited and happy.”