Categories: Social Media News

Jack Ma Bids Farewell To Alibaba Post

Chinese e-commerce group Alibaba announced that it has appointed Jonathan Lu the new chief executive officer of Alibaba Group, effective May 10, 2013.

By then, Jack Ma will resign his position as chief executive officer of Alibaba Group and focus on the chairman of board of directors work.

Prior to this appointment, Lu was chief data officer of Alibaba Group and he was also responsible for the cloud operating system business unit. Lu joined Alibaba in 2000 when he was responsible for the establishment of the Guangdong sales region. In 2003, he was transferred to Hangzhou, commanding Alipay.com business and he was president for Alipay.com in 2004. In 2008, Lu was appointed president for Taobao.com. In this position, he launched the greater Taobao strategy to improve consumer experiences while implementing the open strategy to better serve consumers. Under his leadership, Taobao.com enhanced its leading position in the Chinese e-commerce sector.

Commenting on the appointment of Lu, Ma said it is challenging and difficult to be CEO of Alibaba Group, especially when the position is taken from a founder CEO. Lu will face various responsibilities and pressures. Therefore, he would like to thank Lu for his huge sacrifice and commitment.

Social Media Asia Editor

Recent News

Piprahwa gems auction on hold at Sotheby’s after India legal threatPiprahwa gems auction on hold at Sotheby’s after India legal threat

Piprahwa gems auction on hold at Sotheby’s after India legal threat

Sotheby’s has postponed the Hong Kong auction of ancient gem relics linked to the Buddha’s…

15 hours ago
Southport riots review finds police have not kept up with social media risksSouthport riots review finds police have not kept up with social media risks

Southport riots review finds police have not kept up with social media risks

Police have not kept up with the risks posed to the public by social media,…

17 hours ago
Billionaire Weihong Ruby Liu pays deposit for HBC asset bidBillionaire Weihong Ruby Liu pays deposit for HBC asset bid

Billionaire Weihong Ruby Liu pays deposit for HBC asset bid

Weihong (Ruby) Liu has reportedly put down a 10-per-cent deposit for 25 Hudson’s Bay Co.…

21 hours ago
Sydney Metro: Black holes hurt Sydney’s shiny new rail network with suburbs such as Zetland still lacking public transportSydney Metro: Black holes hurt Sydney’s shiny new rail network with suburbs such as Zetland still lacking public transport

Sydney Metro: Black holes hurt Sydney’s shiny new rail network with suburbs such as Zetland still lacking public transport

For years, Nina Godfrey and her elderly father relied on the 320 bus to get…

24 hours ago
How China is still getting its hands on Nvidia’s gearHow China is still getting its hands on Nvidia’s gear

How China is still getting its hands on Nvidia’s gear

Over the past few years America has sought to hobble its main rival in the…

1 day ago
The Best Social Media Horror Movie You Haven’t Seen Is Getting a SequelThe Best Social Media Horror Movie You Haven’t Seen Is Getting a Sequel

The Best Social Media Horror Movie You Haven’t Seen Is Getting a Sequel

In 2023, Influencer made io9’s year-end list of the best movies you might have missed,…

1 day ago