• Alibaba CEO Daniel Zhang took over as the company's executive chairman after cofounder Jack Ma retired on September 10, 2019.
  • Zhang keeps such a low profile that the parents of an Alibaba employee once saw him in Alibaba's Hangzhou headquarters and mistook him for a janitor, Bloomberg reported.
  • As Alibaba's new chairman, Zhang could face challenges amid the trade war between the US and China and a slowdown in the Chinese e-commerce industry.
  • Zhang was a part of the team that created Alibaba's hugely successful Single's Day, the $25 billion online shopping event that is bigger than Black Friday and Cyber Monday combined, Business Insider previously reported.

Jack Ma is a hard act to follow.

Daniel Zhang has accepted the challenge, first being promoted to CEO of Alibaba in 2015, the online marketplace founded by Ma, and then succeeding him as chairman after Ma's retirement on September 10.

Zhang, however, is as private as Ma is flamboyant .

Read more : Inside Jack Ma's 60,000-person retirement party, which was held in an Olympic stadium and featured employee performances that made Ma cry

Alibaba did not immediately respond to Business Insider's request for comment on the transition or Zhang's background.

Keep reading to learn more about Daniel Zhang.

See the rest of the story at Business Insider

See Also:

SEE ALSO: Alibaba cofounder Jack Ma the richest person in China is retiring with a net worth of $38 billion. Here's his incredible rags-to-riches story.

DON'T MISS: Boardroom battles, bribery, and kidnapping: Meet Hong Kong's richest family, who has lost over $2 billion since the protests began