HONG KONG — The Alibaba Group said on Monday that it would appoint a new chairman to succeed Jack Ma, the executive who led the Chinese e-commerce company through its transformation into one of the biggest names in the global technology scene.
Alibaba said Daniel Zhang, its chief executive, would be named chairman a year from Monday. During that time, Mr. Ma will keep his title as executive chairman. He will also remain on Alibaba’s board until 2020, the company said.
Mr. Ma said he was stepping down to focus on education, a favorite subject of his.
“I also want to return to education, which excites me with so much blessing because this is what I love to do,” he said in a company statement. “The world is big, and I am still young, so I want to try new things — because what if new dreams can be realized?!”
At the same time, Alibaba said Mr. Ma will continue to play a role at the company. It said he is a “lifetime partner” in a group that exercises significant control over Alibaba and related companies thanks to the business’s complicated structure.