Tuesday, September 25, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Ricoh to debut RICOH GR III Digital Camera at Photokina 2018
Google Search Gets New Features, More Visual and Personalized Information
Apple Completes Acquisition of Shazam
Snapchat Introduces Visual Search For Amazon Products
Apple macOS Mojave Update Brings Dark Mode, Stacks, New Apps, a Redesigned Mac App Store and More
Microsoft Focuses on Security and Brings AI to the Masses at Ignite 2018
Apple and Salesforce to Bring Siri to Business Apps
Surface Hub 2S and Hub 2X Coming in The Next Couple of Years
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Alibaba...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, September 10, 2018
Alibaba Group Announces New Boss


Alibaba Group, Asia's most valuable company, today announced that one year from today, September 10, 2019, chief executive officer Daniel Zhang will succeed Jack Ma as chairman of the board of the company.

Mr. Ma will continue as executive chairman of the company over the next 12 months to ensure a smooth transition of the chairmanship to Mr. Zhang. He will also complete his current term as a member of Alibaba Group's board of directors until its annual general meeting of shareholders in 2020.

Mr. Ma is a lifetime partner in the Alibaba Partnership and is a member of its partnership committee. The Alibaba Partnership is currently comprised of 36 partners who are also members of senior management of Alibaba Group or its affiliates. Pursuant to the articles of association of Alibaba Group, the Alibaba Partnership has the right to nominate a majority of the directors to the board of the company.

"I have put a lot of thought and preparation into this succession plan for ten years. I am delighted to announce the plan today thanks to the support of the Alibaba Partnership and our board of directors. I also want to offer special thanks to all Alibaba colleagues and your families, because your trust, support and our joint enterprise over the past 19 years have prepared us for this day with confidence and strength," said Jack Ma.

Daniel Zhang became chief executive officer barely three years ago. The 46-year-old certified accountant has been the driving force behind a mandate to transform old-school commerce using technology that it's dubbed "New Retail." Since his ascension, the Shanghai-educated executive has proven a capable operator, designing and pulling off mega-events such as the annual Singles' Day shopping bonanza. The company's stock has risen 87 percent over his tenure and Alibaba now has a market value of about $420 billion, eclipsing WeChat operator Tencent Holdings Ltd.



Previous
Next
New HyperX Alloy FPS RGB Mechanical Gaming Keyboard Has Kailh Silver Speed Switches        All News        Samsung to Unveil Foldable Smartphone At November Event
HP Pitches Metal Jet printer     General Computing News      Samsung Opens a New AI Center in New York City

Get RSS feed Easy Print E-Mail this Message

Related News
Alibaba and Intel Cloud Deliver Joint Computing Platform for AI Inference at the Edge
Alibaba Cloud Launches Cloud and AI Solutions in Europe
Alibaba Cloud Servers To Run On Intel's FPGAs
Alibaba Cloud Expands Global Offering with Four New Data Centers
AMD Collaborates with Alibaba Cloud to Deliver Cloud Computing Services Based on AMD Radeon Pro GPUs
SEC is Investigating Alibaba's Accounting Practices
Anti-Counterfeit Group Suspends Alibaba Membership
Alibaba Teams With Nvidia In Cloud Computing Plan
Alibaba Spinoff May Cost Yahoo More Than Expected
Foxconn, Alibaba to Invest In SoftBank's Robotic Business
Alibaba to Debut Video Streaming Service
Researchers Disover Security Issues with Alibaba's UC Browser

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .