Alibaba Names Lu CEO to Replace Ma Ahead of Possible IPO
This article is for subscribers only.
Alibaba Group Holding Ltd. named Jonathan Lu its new chief executive officer, replacing Jack Ma amid speculation China’s largest e-commerce company is preparing for an initial public offering.
Lu, currently an executive vice president, will assume the position on May 10, according to a company statement today. Ma, the company’s billionaire founder, will remain executive chairman and shape strategy, it said.