New head for Alibaba

12 May 2015


In a move that caught observers by surprise, Alibaba Group Holdings has promoted Daniel Zhang Yong to be its new chief executive, replacing Jonathan Lu Zhaoxi from May 10.

Zhang, who trained as an accountant, served formerly as chief financial officer of U.S.-listed Chinese online games company, Shanda Interactive Entertainment Ltd. He joined Alibaba in 2007, when it was alread

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Patrick Peterson

Patrick Peterson joined the AIM Group in 2014 as the editor for Asia and Latin America. With 30 years of daily journalism experience as a writer and editor, Patrick Peterson has covered a diverse range of topics, from the invasion of Iraq to the business of the U.S. space industry.He has worked for newspapers in Jackson, MS; Hampton, VA; Biloxi, MS; and Melbourne, FL. He is now a freelance business writer in Orlando, where he lives with his wife, Lisa, who teaches film production management at the University of Central Florida.