Today, Alibaba Group founder and chairman of the board of directors, Jack Ma officially announced the "Inheritance Plan". Jack Ma, 54, announced that he will no longer serve as the chairman of the board of directors of Alibaba Group from September 10, 2019 a year later, and will be replaced by Alibaba's current CEO Zhang Yong (native name Xiaoyaozi).
Why Zhang Yong?

In the open letter, Jack Ma highly praised Zhang Yong as an "outstanding business leader." Jack Ma believes that in the more than three years he served as CEO, Zhang Yong has led Alibaba to long-term development with his outstanding business talent, firm and calm leadership, and supercomputer-like logic and thinking ability, achieving continuous healthy and rapid growth for 13 consecutive quarters. He has proved that he is China's best CEO; more because of his strategic pattern and responsibility in organizational culture inheritance.

Tmall Double 11 Creator
When it comes to Zhang Yong, most people may be a little unfamiliar with it, but you must be well-known for the "Double 11" event he created! In March 2009, Zhang Yong took over Taobao Mall, dominated the rise of Tmall with an internal entrepreneurship attitude, and created a new model to empower global brands in Alibaba's original business model. Zhang Yong is also a creator. His creative and dominant Tmall "Double 11" has become a phenomenal business event once it was launched. This benchmark for gathering and mobilizing global business power has hardly been surpassed by later generations.
In addition, leading Alibaba from the PC era to the mobile era is also an embodiment of Zhang Yong's overall pattern. Our Laogao E-commerce Club was also fortunate to participate in it. In 2013, Mobile Internet was extremely popular, and Alibaba was also seeking to transform from a PC to a mobile Internet. At that time, we had strong fan operation experience. At that time, Fei Qing, the then vice president of Taobao, invited us to discuss how to better run-in products belonging to Alibaba and have mobile Internet characteristics. This product was the Qianniu Radio later. At that time, Qianniu Radio was a very important product, and we were also the first to be invited by the media to join Qianniu Radio. In just a few months, we grew from 0 to more than 1 million fans, becoming a classic case in Alibaba's mobile Internet process. The following photo is a photo of Fei Qing and Alibaba Ceo Xiaoyaozi, who were then vice president of Taobao, presented us with awards.

According to the rumor circulating within Alibaba, Zhang Yong is "a person who changed the engine on the highway and replaced the tractor with a Boeing 747. " Alibaba led by him has long surpassed e-commerce companies and completely transformed into a digital economy driven by big data and e-commerce, finance, logistics, cloud computing, and entertainment. It serves hundreds of millions of consumers and tens of millions of small and medium-sized enterprises, and has profoundly influenced and shaped future business.
Return to education
Jack Ma said in an open letter: "I want to return to education. Doing what I love will make me extremely excited and happy."

Attached the full text of Jack Ma’s open letter:

In the future, Alibaba will advocate martial arts culture. Just like the saying circulating in the martial arts world, although Jack Ma withdrew from the world of "Feng Qingyang", the legend of Jack Ma "Feng Qingyang" will always be circulated in the world of the world.
So what will happen to Alibaba a year later? What changes will tens of millions of merchants usher in? This is a concern to the outside world. In fact, the core of Alibaba's economy has always been customer value. Xiaoyaozi once said: "The four words of customer value will not change. If this economy can operate well in the end, it is actually customer value." This means that no matter whether Alibaba changes its coach or not, Alibaba will always adhere to this core and help merchants develop in the future.
Let’s talk about Alibaba’s talent concept, Alibaba’s team and partner structure, it took nearly 10 years to build Jack Ma step by step. Since Zhang Yong served as the group's COO in 2014, he has been looking for and promoting a group of young people born in the 1980s and even 1985s. These young people have also been the main force of Alibaba All in Wireless. Through adjustments to management, Zhang Yong continued to innovate the ecosystem in 2018, empowered small and medium-sized merchants and entrepreneurs, and Tmall helped global brands to connect online and offline throughout the country and overseas.
From these aspects, Alibaba’s mission is well interpreted and there is no difficult business in the world! The mission of Laogao E-commerce Club is: to help e-commerce succeed. We will also adhere to this mission and continuously help our 4,000 member companies continue to move forward on the road of e-commerce.
A year later, although Teacher Ma no longer serves as the chairman of Alibaba Group, millions of merchants will still fight on the front line of Taobao and Tmall. Finally, I would like to send you a sentence that Alibaba CEO Zhang Yong (nickname: Xiaoyaozi) once said: You must be awake at all times, and you must keep your eyes open when sleeping, constantly learn and innovate...