Alibaba has chosen Jack Ma’s trusted lieutenant to replace the founder when he steps down as chief executive of the Chinese e-commerce group in May.
The appointment of Jonathan Lu, a company veteran, signals continuity as the group keeps expanding in an increasingly competitive environment and prepares for a possible listing.
People familiar with the group say Alibaba is expected to be ready for an initial public offering before the end of the year, but Mr Ma has said the listing is a long way off.
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