Alibaba, China's e-commerce giant, today named insider Jonathan Lu Xaoxi as its new CEO -- filling a hole two months after founder Jack Ma announced that he would be stepping down from the position. The move is another step in the company's wider restructuring, which saw the creation of some 25 separate business units to account for the company's various interests, which range from the Taobao online marketplace to group shopping (Juhuasuan), online payments Alipay, mobile payments service Aliyun, and more.Source: http://feedproxy.google.com/~r/Techcrunch/~3/XgDxa82G5Rg/
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