Chinese eCommerce giant Alibaba on Thursday (Aug. 10) posted a quarterly sales growth of 14% from the previous year, as its online shopping app Taobao and Tmall Group showed strength. Speaking during the earnings call, CEO Daniel Zhang said, “We reported a very good quarter....
As a continuing restructuring takes hold after Daniel Zhang’s appointment as Alibaba’s chairman, Alibaba Group Holding and Ant Financial, its FinTech affiliate, have announced an executive shuffle. Ant Financial, in particular, has named Simon Hu as its chief executive, taking the place of Eric Jing,...
After starting out as an occasion celebrated by university students, China’s Alibaba helped popularize the country’s Singles Day as a retail shopping event. This year, the annual event turns 10, and the Chinese eCommerce retailer is billing this year’s ocassion as “the largest-ever in terms...
Alibaba’s Jack Ma, the co-founder and executive chairman who is stepping down, plans to hand over leadership to Daniel Zhang, the company’s current chief executive. The Wall Street Journal, citing a letter Ma addressed to customers, reported Ma said he would stay on the board...
September 10, 2023
China’s Alibaba Group says the head of its cloud unit — and ex-CEO — will resign. A report Sunday (Sept. 10) by Reuters notes that the departure of Daniel Zhang is a surprise, as he had left his role as the company’s chairman and CEO two months ago to focus on Alibaba’s cloud business. The […]
August 10, 2023
Chinese eCommerce giant Alibaba on Thursday (Aug. 10) posted a quarterly sales growth of 14% from the previous year, as its online shopping app Taobao and Tmall Group showed strength....
December 19, 2019
As a continuing restructuring takes hold after Daniel Zhang’s appointment as Alibaba’s chairman, Alibaba Group Holding and Ant Financial, its FinTech affiliate, have announced an executive shuffle. Ant Financial, in...
September 10, 2018
Alibaba’s Jack Ma, the co-founder and executive chairman who is stepping down, plans to hand over leadership to Daniel Zhang, the company’s current chief executive. The Wall Street Journal, citing...
