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Alibaba Appoints President

Hangzhou, China — Global e-commerce platform provider Alibaba Group has brought in Goldman Sachs alum Michael Evans as president.

Evans, a partner and 20-year veteran of the investment bank, had been a close advisor to Alibaba and served on its board as an independent director.

In his new role, reporting to CEO Daniel Zhang, Evans will be responsible for leading and executing the company’s international growth strategy as it looks to build its business outside of China, and will continue to sit on the board.

His early focus will be on forging close partnerships with key brands and retailers in Europe, the Americas and Asia, the company said, to help them connect with a vast and growing Chinese middle class.

Alibaba is the world’s largest e-commerce company by volume, with at least seven online marketplace platforms where manufacturers and third-party sellers can offer their wares to wholesalers and direct to consumers. It also offers Cloud computing services through its Aliyun unit.

“Globalization is Alibaba Group’s most important strategy for the coming decades,” noted Zhang, with the goal of serving 10 million global businesses and 2 billion consumers worldwide. “We have been laying the foundation for many years and now we need a global team in place with best-in-class talent to bring our vision to fruition. To that end, I can think of no one better than Michael to help Alibaba become a truly global company.”

Alibaba was founded in 1999 by executive chairman Jack Ma and went public last September. It currently has about 350 million annual active buyers on its platforms and operates more than 1,800 distribution centers handling over 30 million packages a day.