From COO to CEO: Meet Alibaba’s New Mastermind Who Will Transform the E-commerce Giant

On Monday, Alibaba Group Holding Ltd. announced that Daniel Zhang would succeed Jack Ma as chairman and chief executive officer.

Daniel Mitchell
Image: Gettyimages
  • Alibaba Group Holding announces Daniel Zhang as the new chairman and CEO, succeeding Jack Ma after 15 years of service at the company.
  • Zhang, currently serving as Alibaba's COO, will officially take over as chairman on September 10th and as CEO on September 19th.
  • With extensive experience and contributions to Alibaba's strategy, operations, and culture, Zhang is seen as the ideal candidate to lead the company into the future, according to Jack Ma's message to staff.

On Monday, Alibaba Group Holding Ltd. announced that Daniel Zhang would succeed Jack Ma as chairman and chief executive officer.

With 15 years of experience at Alibaba, Zhang now serves as the company’s COO. On September 10th, he will become chairman, and on September 19th, he will become CEO.

Alibaba’s 1999 founder, Ma, will continue to serve on the board of directors. In a message to staff, he expressed his faith in Zhang as the ideal candidate to steer Alibaba into the future.

For 15 years, Daniel has been Ma’s “partner and trusted colleague,” he wrote. His contributions to Alibaba’s strategy, operations, and culture have been extensive. If anyone can take Alibaba into the future, it’s him.

Zhang, now 46 years old, attended and graduated from Shanghai’s Fudan University. In 2005, he became a product manager for Alibaba. In 2015, he was given the position of COO, or chief operating officer.

Alibaba, under Zhang’s direction, has branched out into emerging markets like cloud computing and AI. More than 20 countries are now served by the company’s global reach.

Alibaba ranks in the top 10 most valuable IT corporations. More than $400 billion has been invested in the company, making it the most valuable online retailer in the world.

The loss of Ma is a big deal for Alibaba. He has long been the company’s public face and is a dynamic leader. Zhang, on the other hand, is a highly regarded executive and a likely successor.

Competitors like Amazon and Tencent are making it harder for Alibaba to succeed. However, the company is set up for sustained expansion. It’s got a solid reputation, devoted clientele, and smart leaders.

Under Zhang’s leadership, Alibaba is poised for future growth and success.


Share This Article
Daniel Mitchell, a seasoned business journalist, brings a wealth of experience to his reporting. With an eagle eye for spotting emerging trends and a talent for capturing the essence of entrepreneurial endeavors, Daniel's writing offers readers a front-row seat to the strategies and innovations that drive the business world forward.