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Alibaba picks Daniel Zhang as its new CEO
Surprise appointment is portrayed as a sort of changing of the guard
Add BT as a preferred sourcePublished Fri, May 8, 2015 · 09:50 PM
Hong Kong
BEFORE Alibaba raised US$25 billion in an initial public offering (IPO) last year, its founder, Jack Ma, said he did not care much about share prices.
On Thursday, Mr Ma made it clear he was not too worried about shaking things up, either, replacing the company's chief executive just days after airing concerns about efficiency.
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