Alibaba Group, China’s leading e-commerce company, has appointed group veteran Jonathan Lu as its new chief executive officer, according to an internal announcement emailed to all employees yesterday.
Lu, who is currently chief data officer of Alibaba Group and president of mobile device operating system Aliyun Mobile OS, will officially take over the CEO role from Alibaba founder Jack Ma on May 10. The day of the transition coincides with the 10th anniversary of Taobao, the group’s online consumer shopping platform.
Ma, who is only 48, will retain the role of executive chairman, and while...