Alibaba shares went up after the publication of the quarterly report and the change of CEO
On May 7, the quarterly reports of Alibaba, the largest Chinese e-commerce company, were published. After that, its shares went up by 7.5%. Investors were satisfied with the results of the company. Alibaba sales increased 45%.
Sales made through mobile devices increased by 350% compared with the same period last year. So, the share of mobile sales has now reached 40%.
Alibaba also reported a serious personnel reshuffle, reports "Kommersant". Since May 10, Daniel Zhang will take over as CEO. Previously, he served as operations director. Among his achievements is the organization of black friday on the Chinese market. On this day (November 11) a sharp rise in sales was recorded.
Moreover, Zhang made a great contribution to the development of the Tmail project for online trading in the international market. In this way, he made the company more famous outside China.
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“We are very positive about the appointment of Mr. Zhang to the post of general director of Alibaba. Working in the company since 2007, he significantly advanced the company's operations by boosting sales on “the day of the bachelors” and through Tmall, thus proving that he is able to give new impetus to all Alibaba operations, ”says Barclays analyst Alicia Yap.
Former CEO Jonathan Lou will now work as a vice president. The first time, while the new CEO will be up to date, Zhang and Lu will work together.
In Alibaba , several more personnel changes will take place: Wang Jian will become the technology director, Zeng Ming will be the director of strategy, Wang Shuai will be the marketing director and Shao Xiaofeng will be the director of risk management.
Alibaba founder Jack Ma approved the changes in staffing.
Sales made through mobile devices increased by 350% compared with the same period last year. So, the share of mobile sales has now reached 40%.
Alibaba also reported a serious personnel reshuffle, reports "Kommersant". Since May 10, Daniel Zhang will take over as CEO. Previously, he served as operations director. Among his achievements is the organization of black friday on the Chinese market. On this day (November 11) a sharp rise in sales was recorded.
Moreover, Zhang made a great contribution to the development of the Tmail project for online trading in the international market. In this way, he made the company more famous outside China.
')
“We are very positive about the appointment of Mr. Zhang to the post of general director of Alibaba. Working in the company since 2007, he significantly advanced the company's operations by boosting sales on “the day of the bachelors” and through Tmall, thus proving that he is able to give new impetus to all Alibaba operations, ”says Barclays analyst Alicia Yap.
Former CEO Jonathan Lou will now work as a vice president. The first time, while the new CEO will be up to date, Zhang and Lu will work together.
In Alibaba , several more personnel changes will take place: Wang Jian will become the technology director, Zeng Ming will be the director of strategy, Wang Shuai will be the marketing director and Shao Xiaofeng will be the director of risk management.
Alibaba founder Jack Ma approved the changes in staffing.
Source: https://habr.com/ru/post/290412/
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