Alibaba announced on Thursday that it had appointed Daniel Zhang, the key architect of the Chinese internet behemoth’s annual Singles Day shopping event, as the new chief executive officer, with investors giving the move a thumbs-up.
Forty three-year-old Zhang, an 8-year-old veteran at the Hangzhou-based company, will replace Jonathan Lu effective 10 May.
Since joining Alibaba in 2007, Zhang has held several top management positions, most recently serving as chief operating officer. He is credited with the rampant growth of T-mall, fronting the company’s ongoing transition to mobile and leading several strategic investments including Alibaba Health, Haier, Intime Retail and Singapore Post.
(Source: CNBC)