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Alibaba appoints Jin Jianhang as president ahead of IPO
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ALIBABA Group said today it has promoted its senior vice president Jin Jianhang to be the president of the company ahead of the e-commerce giant's highly anticipated initial public offering in the United States later this year.
Jin, one of the 18 co-founders of the company, is also among the 27-person partnership of the Hangzhou-based company. Before Jin’s appointment, Alibaba didn’t have the president position installed in the company.
Jin is a graduate from Fudan University and has been leading various business units in the group including public affairs, government relations and marketing, the company said in a statement today.
Last year, chief executive officer Lu Zhaoxi took over founder Jack Ma's post after Ma stepped down to leave the leadership positions to people who were born in the 70s and 80s that "have a better view about the future" and to make better preparation for its listing plans.
Ma also broke up the company into 25 units headed by nine executives, aiming at providing greater flexibility and improved efficiency in each unit.
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