Alibaba's Ma to resign as CEO

Jack Ma makes a gesture during a conference in Hong Kong, March 20, 2012. Ma expects 30 percent of China's total retail sales to be conducted online in five years. [Photo/icpress.cn]

Jack Ma (front center), the Chairman of China's largest e-commerce firm Alibaba Group, gives a performance of Tai Chi at the Eve Group show, a high-end man's business clothing brand, during the Annual Summit of Green Companies 2013 in Kunming, southwest China's Yunnan province April 21, 2013. [Photo/icpress.cn]