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Jack Ma Announces Alibaba Succession Plans

The co-founder of the Chinese e-commerce giant on Monday laid out plans for after his retirement. The news comes amid reports that he was getting ready to step down as Executive Chairman. Alibaba stock has come under pressure in recent months amid a crackdown by the Chinese government on the tech sector and rising trade tensions with the U.S. After shares hit an all-time high in June, they've fallen...

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The co-founder of the Chinese e-commerce giant on Monday laid out plans for after his retirement. The news comes amid reports that he was getting ready to step down as Executive Chairman. Alibaba stock has come under pressure in recent months amid a crackdown by the Chinese government on the tech sector and rising trade tensions with the U.S. After shares hit an all-time high in June, they've fallen more than 20 percent. (Credit: CHEDDAR)