News this week: China’s largest e-commerce company, the Alibaba Group, has named current executive vice president,
Jonathan Lu Zhaoxi, as its new CEO. Lu will officially replace company founder,
Jack Ma, on 10th May this year, a date that coincides with Taobao’s 10th
anniversary. Jack Ma will reportedly continue to guide the company’s business
strategies and management development in his role as executive chairman of the
Alibaba Group.
Jonathan Lu joined Alibaba in 2000 and helped form parts of
the sales team at the company’s B2B trading platform Alibaba.com.
In 2004, Lu led the launch of Alipay,
the company’s online payments division, where he later served as president. In
early 2008, Lu was charged to lead Alibaba’s consumer-focused division, Taobao
and he was also named CEO of Alibaba.com
in early 2011.
Alibaba’s recent company reorganisation means Lu’s new
position will oversee 25 business units led by nine divisional presidents.
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