Alibaba founder to focus on mentoring

Jack Ma Yun, the English teacher turned successful internet entrepreneur, caught many by surprise last month when he revealed plans to step down as chief executive of e-commerce giant Alibaba Group on May 10.

That came a few days after Alibaba, which Ma founded in 1999, announced a sweeping restructuring that will divide the group into 25 business units under the direction of two committees, one for strategy and the other for operations.

via Business feed http://www.scmp.com/business/companies/article/1152686/alibaba-founder-focus-mentoring