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Alibaba Names New CEO as Revenue Tops Views
Keywords:
Daniel Zhang takes over as CEO from Jonathan Lu in May 2014. Jack Ma, executive chairman, says a post 70's generation is now taking over at the company. Alibaba revenues increased to $2.77 billion, with per share earnings before stock grants increasing by 7% to 48 cents per share, and earnings after stock grants declining 49% to $463 million or 18 cents a share. 2015 1st quarter results showed mobile transactions making up 51%, up from 27% a year earlier. Active users on mobile platforms were 289 million in March 2015, increasing from 163 million the prior year. The mobile monetization rate is decreasing to 1.73%- this is the metric of how much in transaction value becomes company revenue. Share price went up 10% to $88.15 from $80 in pre-market trading on May 7, 2015. Its IPO offering price was $68, and the high reached was $120.
Daniel Zhang, CEO of Alibaba Holdings, 2015-
05/07/2015
Daniel Zhang takes over from Jonathan Lu in May 2015, soon after its IPO. Alibaba chairman Jack Ma says the 70's generation (for people born in or after 1970) is now taking charge of management at the company.
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Alibaba Names New CEO as Revenue Tops Views
Wall Street Journal 05/07/2015
Alibaba Names New Chief Executive and Reports Revenue Rise
New York Times 05/07/2015
Alibaba Names New CEO as Revenue Tops Views
Wall Street Journal 05/08/2015
Alibaba management
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New Alibaba CEO Jonathan Lu Pushes Chinese E-Commerce Firm to Adapt
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Alibaba Tightens Smartphone Alliance
Wall Street Journal 08/22/2013
Alibaba Braces for Mobile Revolution
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Alibaba's Taobao e-commerce website
05/30/2010
Grouped Articles
New Alibaba CEO Jonathan Lu Pushes Chinese E-Commerce Firm to Adapt
Wall Street Journal 07/10/2013
Tech Innovator in Japan Sets Its Sights on China
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Scooters Rule as E-Commerce Grows in China
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Alibaba Names New CEO as Revenue Tops Views
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Alibaba Group to Split Up E-Commece Site
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Jonathan Lu of Alibaba
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New Alibaba CEO Jonathan Lu Pushes Chinese E-Commerce Firm to Adapt
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China's Alibaba Names Jonathan Lu as Next CEO
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Alibaba Names New CEO as Revenue Tops Views
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A short history of Alibaba and e-commerce website Taobao started in Hangzhou, China, in 2003
03/05/2013
Advertisers pay for attracting users on Alibaba similiar to the way they do on Google alongside their products. Unlike Amazon Alibaba makes money only on the advertising. It generated $1.78 billion in revenue in the 3rd quarter of 2013, $792 million in profits, and controls about 50% of the Chinese e-commerce business for delivered parcels, with profit margins of about 44%. It is different from the U.S. internet business in that it combines features of e-commerce, internet retail, paypal type feature in Alipay, and banking.
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Alibaba: A Mix of Amazon, eBay and PayPal With a Dash of Google
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Scooters Rule as E-Commerce Grows in China
Wall Street Journal 03/05/2013
Wall Street Journal 03/11/2013
Step Aside, Jack: Alibaba Gets a New CEO
Wall Street Journal 03/11/2013
China's Alibaba Names Jonathan Lu as Next CEO
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Alibaba IPO Could Be a Bonanza for Scion's of Chinese Leaders
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Alibaba IPO in 2014
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The Man Behind Alibaba's Eventual IPO
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Alibaba: A Mix of Amazon, eBay and PayPal With a Dash of Google
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Alibaba Plans Equal Sway for Banks in IPO
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Alibaba Has Questions to Answer Before U.S. IPO
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Alibaba and cloud computing
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Alibaba Opens Data Center in Silicon Valley
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Alibaba Names New CEO as Revenue Tops Views
Wall Street Journal 05/07/2015
Alibaba's mobile strategies
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Alibaba Braces for Mobile Revolution
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Alibaba Has Questions to Answer Before U.S. IPO
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Alibaba Is Investing Huge Sums in an Array of U.S. Tech Companies
New York Times 07/31/2014
Alibaba Pays Nervous Call to Meizu
Wall Street Journal 02/10/2015
Alibaba Names New CEO as Revenue Tops Views
Wall Street Journal 05/07/2015
Alibaba Names New CEO as Revenue Tops Views
Wall Street Journal 05/08/2015
Jack Ma of Alibaba
05/30/2010
Jack Ma who started Alibaba in 1999 plans a transition to other managers in 2013. He pioneered internet retailing in China. Alibaba is estimated to have about one third of all retail transactions in China. Alibaba makes its earnings on commissions and advertising. It runs retail sites for Gap and other retailers, has its own retail mall sites, connects overseas businesses to Chinese manufacturers.
Grouped Articles
Alibaba Tightens Smartphone Alliance
Wall Street Journal 08/22/2013
Tech Innovator in Japan Sets Its Sights on China
New York Times 05/30/2010
The Man Behind Alibaba's Eventual IPO
New York Times 01/13/2014
Alibaba: A Mix of Amazon, eBay and PayPal With a Dash of Google
Wall Street Journal 03/17/2014
Alibaba Clarifies Leadership Structure as IPO Approaches
New York Times 06/16/2014
New York Times 09/06/2014
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