12 May 2015
BY DON GASPER
In a move that caught observers by surprise, Alibaba Group Holdings has promoted Daniel Zhang Yong to be its new chief executive, replacing Jonathan Lu Zhaoxi from May 10.
Zhang, who trained as an accountant, served formerly as chief financial officer of U.S.-listed Chinese online games company, Shanda Interactive Entertainment Ltd. He joined Alibaba in 2007, when it was alread