"I am no longer 'young' for the Internet business," says Alibaba (ALBCF.PK) CEO Jack Ma,...

|By:, SA News Editor

"I am no longer 'young' for the Internet business," says Alibaba (ALBCF.PK) CEO Jack Ma, stepping down from his post effective May 10. His departure had been speculated about for several months and he had already pulled back from day-to-day operations to cultivate management talent.