China's Alibaba braces for 'big challenge' with chairman Jack Ma set to depart

China's Alibaba braces for 'big challenge' with chairman Jack Ma set to depart

Photographer: Qilai Shen/Bloomberg

Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460 billion juggernaut at a time when the market for its core e-commerce business has slowed sharply.

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