Jack Ma stepped down as president of Zhejiang Merchants Association.

CTOnews.com news on December 7, according to the official Weibo news of @ Zhejiang Merchants magazine, today, the 2022 (15th) annual meeting of "Zhejiang Merchants" with the theme of "Chinese-style Modernization and the New coordinates of Zhejiang Merchants" was held in Hangzhou. The second council meeting of Zhejiang Merchants Association has just been successfully concluded. Jack Ma stepped down as president of Zhejiang Merchants Association, and Nan Cunhui, chairman of Zhengtai Group, was elected the new president of Zhejiang Merchants Association.

According to the data, the General Association of Zhejiang Merchants, that is, the Global Association of Zhejiang Merchants, was established in October 2015. it is a non-profit and joint social organization with Zhejiang businessmen as the main body and voluntarily formed, focusing on serving Zhejiang businessmen, leading Zhejiang businessmen, and gathering Zhejiang Merchants. Committed to building into the "spiritual headquarters" and "warm home" of Zhejiang businessmen. The first president of Zhejiang Merchants Association was held by Jack Ma, founder of Alibaba Group. Chamber of Commerce member enterprises all over the world, covering manufacturing, finance, trade, medicine, education, real estate, high-tech, Internet and other industries.

CTOnews.com learned that the Zhejiang Merchants Association has "four noes" business rules: no bribery, no arrears of wages, no tax evasion, no infringement.