BREAKING NEWS
Pakistan Army Chief acknowledges role of Pak army in Kargil war
Kushinagar: Man forced to ‘sell’ son for hospital fee, 5 arrested
Ex-RG Kar hospital principal had criminal nexus with co-accused for wrongful gains: CBI
Udayavani.com “Nammane Krishna”: Broadcast of 15th Prize-Winning Reel
Trackman’s heroics avert major train disaster on Konkan Railway
Multi-storey building collapses in Lucknow; At least 3 killed, 20 injured; Several feared trapped
Kannada actor Darshan to get TV in prison cell
Stand with ‘Haryana ka Laal’ Arvind Kejriwal: Sunita urges voters to back AAP in assembly polls
‘Sector 36’ will be important at any point in time: Vikrant Massey
Manipur: 5 killed in fresh violence in Jiribam; 3 bunkers of militants destroyed in Churachandpur
Bantwal: Newlywed couple’s car meets with accident; Wife dead, husband critical
Paris Paralympics: Prachi Yadav enters canoe sprint final, Yash Kumar misses out
Heavy rainfall expected in parts of Andhra Pradesh on Sept 7 and 8
Ganesh Chaturthi celebrations begin across Coastal Karnataka
5 police campuses in Bengaluru to get 590 percolation wells
Ma steps down as Alibaba’s chairman
Team Udayavani, Sep 10, 2019, 11:00 AM IST
Beijing: Jack Ma, who founded Alibaba Group, the world’s biggest e-commerce company, is stepping down as chairman at a time when the rapidly changing industry faces uncertainty amid a US-Chinese trade war.
Ma stepped down Tuesday as 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.
Ma, 55, founded Alibaba in 1999 to connect Chinese exporters to American retailers.
The company has shifted its focus to serving China’s growing consumer market. Domestic businesses accounted for 66 per cent of its USD 16.7 billion in revenue in the quarter ending in June.
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