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Alibaba Group Holding’s founder Jack Ma is stepping down from the board of the Chinese e-commerce giant after he left the position of executive chairman a year ago.
Ma was not listed in the new board disclosed Wednesday night by Alibaba, but he continues as a life-long member of the Alibaba Partnership, a 36-member group of top executives that has the right to nominate a majority of the board.
Filling his seat on the 11-member board will be Alibaba Chief Financial Officer Maggie Wu, 52, who joined Alibaba in 2007 . . .
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