Chinese billionaire Jack Ma exerted his influence within Alibaba, the e-commerce empire he built, to further its breakup plans
HONG KONG—Chinese billionaire Jack Ma was orchestrating from overseas thehe built, Alibaba Group Holding Ltd. , according to people familiar with the matter.
Despite having stepped down as executive chairman of Alibaba in 2019, Mr. Ma remained an influential figure at the company and is active in deciding its strategy, the people said. In recent months, he held calls with Alibaba’s top executives, including the current chairman and chief executive Daniel Zhang, urging them to split up the company, saying it would make it more nimble and competitive in China’s increasingly crowded market, the people said.
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