Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
Baidu Search, Sina Weibo on ‘Secret List’ of Chinese Apps Banned in India’s Latest Purge
Trending in China: Choosing a College Major - For Love or Money?
Evergrande Health Forges Ahead With Six New Electric Vehicles
Trending in China: How Cute Rabbit Ears Are On the Frontline in Fight Between Delivery Firms
Chinese Company Files Lawsuit Against Apple’s Siri for Patent Infringement Worth Billions
China Home to Six of the World’s Top 10 Unicorns, Hurun Report Says
Trending in China: Can Music Streamers Help Users’ Depression?
Core Parts of China’s Beidou Satellite System ‘100% Made in China’
Trending in China: Xiaomi CEO’s Shows How Best To Harness China’s Social Media Humor for Serious Business
Apple Takes Down Over 30,000 Apps from China Store Amid Government Crackdown
Chinese Chipmaker SMIC to Establish Joint Venture for Wafer Production
Microsoft Said Plan to Acquire TikTok Will Continue
Uber Abandons Plan to Move Regional Headquarters to Hong Kong
Trending in China: Undergraduate Degree in Housekeeping — Valuable Asset or Waste of Resources?
Huawei and Apple Shine in China’s Smartphone Market During Second Quarter
Video Streamer iQiyi Eyeing Southeast Asian, Middle East Expansion, Executive Says
Lawson Expands in China With Prefab Convenience Stores
TikTok Undergoing U.S. Investment Review, Treasury Secretary Says
Chinese Community E-commerce Firm Nice Tuan Nets $80 Million in Third Funding in 2020
Trending in China: Shanghai Film Festival Rekindles Childhood Memories with Outdoor Screenings
Fosun Chairman Tells Jack Ma He’s Been ‘Thinking About Succession’

By Zhao Runhua and Qian Tong / Apr 24, 2019 02:48 PM / Business & Tech

Jack Ma. Photo: VCG

Jack Ma. Photo: VCG

In a rare public comment, the billionaire chairman of Chinese conglomerate Fosun International has acknowledged that he’s thinking about succession.

And of all people, it was fellow entrepreneur and Alibaba founder Jack Ma who asked Guo Guangchang about handing over the reins. Guo and Ma, who himself recently announced his retirement, were chatting at a business forum on Tuesday.

"Have you thought about your future in the company? How do you cultivate a potential successor?" Ma asked. The 52-year-old billionaire responded by saying he’s been thinking about succession but isn’t ready to answer Ma’s question.

Ma announced his own retirement from the chairmanship of Alibaba in September 2018.

Guo himself has largely kept quiet on the matter, although he has stepped down from positions in multiple subsidiaries to make way for younger colleagues. He remains the chairman of Fosun International.

Related: China Approves First Biosimilar of Foreign Drug, Breaking Roche Monopoly

Share this article
Open WeChat and scan the QR code