Alibaba Names Daniel Zhang as New CEO
Commenting on Alibaba’s recent leadership change, Simon Lee says in an interview with CCTV that Daniel Zhang “needs to internationalise the business of Alibaba, and currently it concentrates too much on the China market.”
China’s e-commerce giant Alibaba has replaced its chief executive officer on 7 May 2015 after its share price briefly dipped below US$80 this week, its lowest since its record-breaking initial public offering in September.
Daniel Zhang, chief operating officer, was named to replace Jonathan Lu as CEO. The 43-year-old takes over the role from this week, ushering in what founder Jack Ma once said “a post-70s generation of leaders” who “will command the troops at Alibaba Group.”
Commenting on Alibaba’s leadership change, which comes just 9 months since the Chinese firm’s mega-listing in New York, Simon Lee, Co-Director of Integrated BBA Programme and Senior Lecturer of School of Accountancy at The Chinese University of Hong Kong Business School, says in an interview with China Central Television (CCTV) that “Zhang needs to internationalise the business of Alibaba, and currently it concentrates too much on the China market.”
View Lee’s opinion in the TV news report to find out more (1:36-1:44 in the video recording).
Source: CCTV
Broadcast date: 12 May, 2015