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On 55th birthday, Jack Ma stepped down as Alibaba Chairman amid US-Chinese trade war

Jack Ma, 55 years old founded Alibaba in 1999 to connect Chinese exporters to American retailers. Jack Ma, founder Alibaba group stepped down as a chairman on Tuesday as a part of a succession announced a year earlier. He will stay on as a member of the Alibaba Partnership, a group of 36 people with the right to nominate a majority of the company's board of directors. This took place due to US-Chinese trade war.