All Exams Test series for 1 year @ ₹349 only
Question

Which Chinese business tycoon recently stepped down from Alibaba, the company he co-founded?

The correct answer is

Jack Ma

Alibaba Founder Steps Down

The question asks to identify the Chinese business tycoon who co-founded Alibaba and recently stepped down from the company.

Identifying the Correct Tycoon

  • Jack Ma is widely recognized as the co-founder of Alibaba Group. He played a pivotal role in establishing and growing the e-commerce giant.
  • Reports confirm that Jack Ma stepped down from his leadership position at Alibaba.

Analyzing Other Options

  • Lei Jun is the founder and CEO of Xiaomi, another major Chinese technology company.
  • Daniel Zhang succeeded Jack Ma as the CEO of Alibaba Group in 2015 and later became the chairman, but the question specifically refers to the co-founder stepping down, aligning primarily with Jack Ma's earlier departure from key operational roles.
  • Guo Guangchang is the chairman of Fosun International, a multinational conglomerate.

Conclusion

Based on Jack Ma's role as a co-founder and his eventual step-down from direct operational leadership, he is the correct answer.

Was this answer helpful?

Important Questions from Business and Economy

  1. In October 2020, World Bank expected India's GDP to contract by how much per cent in the fiscal year 2020-21?

  2. Which private bank launched a remote payment service named 'SMS Pay' for merchants on 26 November 2020?

  3. A business enterprise that makes profit primarily through trade, buying goods cheap and selling them at higher prices is known as ______.

  4. In which of the following city is the headquarters of Equitas Small Finance Bank located?

  5. Union Budget 2020-21 envisages to create a ‘future ready’ railway system by the year _______.

Need Expert Advice?

Start Your Preparation with Prepp Mobile App

Download the app from Google Play & App Store
Download the app from Google Play & App Store
Prepp Mobile App