The chairman and CEO of Alibaba in 2021 is Zhang Yong, who took over Jack Ma's position

On September 10, 2018, Teacher's Day, Jack Ma, the founder of Alibaba Group, issued an open letter entitled "Happy Teacher's Day" announcing that he would no longer serve as the chairman of the board of directors of the group on the 20th anniversary of Alibaba one year later, that is, September 10, 2019, and would be succeeded by the current group CEO Zhang Yong.

This is a plan that Jack Ma has carefully considered and prepared for 10 years.

Ten years ago, Alibaba created a partnership mechanism to solve the problems of innovation, leadership succession, future responsibility and cultural inheritance of large-scale companies, and to enable the company to develop healthily and sustainably with the perfect combination of system, people and culture. Jack Ma said in the letter: "We believe that only by establishing a set of systems, forming a unique culture, and cultivating and training a large number of talented successors can we solve the problem of corporate inheritance and development. To this end, we have never stopped working and practicing in the past ten years."