Monday, March 11, 2013

YHOO: Alibaba's next CEO is 12-year company vet...

9:13 AM Alibaba's next CEO is 12-year company vet Jonathan Lu Zhaoxi. Lu is currently Alibaba's chief data officer and the head of its (Android-based) Aliyun OS, and was once in charge of its flagship Taobao e-commerce site. He'll take over from co-founder Jack Ma on May 10. The announcement comes amidst growing expectations of an IPO that will give Yahoo (YHOO) a chance to monetize its remaining 23% stake. (previous) Read comments

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