(Yicai Global) Dec. 28 -- China's e-commerce behemoth Alibaba Group Holding Ltd. [NYSE:BABA] has tweaked the senior management of its two major e-commerce platforms, Taobao and Tmall, both of which will appoint new presidents, Alibaba announced yesterday.
Jiang Fan and Jing Jie, two vice presidents with the group, will assume the presidency of Taobao and Tmall, respectively, Daniel Zhang, Alibaba's chief executive said yesterday, as Sina Tech reported. These new-generation senior executives were born after 1980 and post-1970, respectively.
Joining Alibaba in 2013, Jiang Fan oversaw the growth of Taobao's handset business, raising the transaction volume of smartphones on the platform to over 80 percent from 10 percent. Taobao built up its consumer commodities and developed derivative businesses such as livestreaming and short videos under his leadership.
Jing Jie came aboard Alibaba in 2015, and took over Tmall's fast-moving consumer goods (FMCG) division. He previously worked as vice president of brand operation for the FMCG giant Procter & Gamble Co. [NYSE: PG] in China for over 10 years.
New retail needs to factor in more young people's novel perspectives and thoughts, Daniel Zhang stated in an open letter, adding that the group's younger-generation managers have developed rapidly in the past year and must now assume greater responsibility for expanding its new retail businesses.