Knight Bridge Investment Consultants Limited – Jack Ma to Outline Succession Plans This Today?

HONG KONG - Sept. 9, 2018 - PRLog -- Contrary to previous reports, Alibaba BABA 's Jack Ma may not done with the company he founded just yet.

On Sunday, The South China Morning Post quoted an Alibaba spokesman saying that a published report by The New York Times declaring that Ma planned to retire was factually inaccurate and taken out of context. The Times story said that the executive planned to focus on philanthropy in education.

Instead, on Monday Ma is set to unveil his succession plans to groom other executives to eventually take the helm of the company, the SCMP reported. Ma will stay on as executive chairman while the strategy, which will take place over time, is carried out, it added. The announcement is set to coincide with Ma's 54th birthday.

Ma, who created Alibaba in 1999, is considered China's richest man, with a net worth of more than $40 billion.

This news will no doubt have some investors on edge, however Knight Bridge Investment Consultants believes the move will be a hugely positive action. The fact that the founder is more than likely to still have an active role within the organization is key and will be paramount to their expansion plans in India and Europe.

To find out more information on the opportunities Knight Bridge Investment Consultants see's with Alibaba and other Chinese companies listed in the US markets, visit www.knightbridgeinvestment.com or contact us at info@knightbridgeinvestment.com for further information.