Latest News
Alibaba appoints ex-Goldman Sachs executive to lead globalization strategy
News Highlight
Alibaba has massive and diverse strength within China, where it operates integrated systems spanning e-commerce, banking and film financing.
Chinese e-commerce and entertainment giant Alibaba Group has appointed Michael Evans as president.
A former partner at Goldman Sachs, Evans is to be responsible for leading Alibaba Group's international expansion strategy outside of China. He will continue to serve as a member of the Alibaba board, having served as an independent director since the company's IPO in September 2014.
"As we connect Alibaba and the rest of the world, we are turning to a proven international leader who has been connecting China and the rest of the world for most of his career," said Alibaba Group executive chairman Jack Ma in a prepared statement.
"Globalization is Alibaba Group's most important strategy for the coming decades," said Alibaba Group CEO Daniel Zhang. "Our goal is to help 10 million global businesses and serve 2 billion consumers around the world."
Alibaba has massive and diverse strength within China, where it operates integrated systems spanning e-commerce, banking and film financing.
It has numerous smaller and more stand-alone operations in other territories.
In possible signs of future directions that the group might take, Alibaba recently announced plans to invest a further $1 billion upgrading its cloud computing services. In the last week it also emerged that Alibaba, alongside Softbank and iPhone manufacturer Foxconn, is to invest $500 million in Indian e-commerce firm Snapdeal.
Evans won an Olympic gold medal for Canada as a member of the men's eights rowing team in the Los Angeles 1984 Summer Olympic Games.
Related News
Latest Blogs
- Assessing the National Policy on Marine and Blue Economy
- When the intent of taxation reset diverges from its execution
- Towards healthcare system that protects patients and is fair to practitioners
- Outlook on 2026 global remittances and Nigeria
- Putting food at the centre of Nigeria’s health reform
Most Popular News
- Artificial intelligence can help to reduce youth unemployment in Africa – ...
- NDIC pledges support towards financial system stability
- Global job quality stagnates despite resilient growth – ILO
- Afreximbank ends its credit rating relationship with Fitch
- MTN is named the best mobile Internet leader in Nigeria
- Cuts to donor funding threaten the right to health



