Tuesday, August 16, 2022

Alibaba is going for global domination

Alibaba, the world‘s largest e-commerce company, has named tech banking veteran Michael Evans as President, effective immediately. Evans, who served twenty years at Goldman Sachs as Head of Vice Chairman, Global Growth Markets and Chairman of Asia, knows China very well, but the appointment is a very clear indication that Alibaba is thinking bigger.

Evans will be responsible for leading and executing Alibaba Group‘s International growth strategy to globalise the company and grow it outside of China. His hire is a message to brands and retailers, small and big, that they need to include Alibaba in their future growth strategy because one of the company‘s primary focuses is the creation of true “Cross Border” e-commerce.

The internet giant is preparing for e-commerce 2.0, with “Cross Border” allow retailers from all corners of the world to be able to sell items to anyone, anywhere through seamless integration of all channels.

Jack Ma, who is often compared with Amazon Boss Jeff Bezos, is on a tech banker hiring spree, cementing his status as an incredibly smart guy.

“I am delighted that Michael has agreed to take on this important new challenge,” said Alibaba Group Executive Chairman Jack Ma. “As we connect Alibaba and the rest of the world, we are turning to a proven international leader who has been connecting China and the rest of the world for most of his career. Through his work on our board, he has built the trust and respect of our management team, and I have no doubt that he will make a significant contribution to our business.”



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