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Lu named Alibaba's new CEO

By Chen Limin | China Daily | Updated: 2013-03-12 05:40

Lu named Alibaba's new CEO

The reception at Alibaba (China) Technology Co Ltd, a company under Alibaba Group Holding Ltd. The group announced that Jonathan Lu Zhaoxi will be its new CEO, taking the position previously held by its founder, Jack Ma. Huang Zongzhi / Xinhua

Alibaba Group Holding Ltd, China's biggest e-commerce company, appointed a new CEO on Monday after founder Jack Ma said in January that he would step down from the post in May.

Lu named Alibaba's new CEO

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