Paris (awp / afp) – Chinese heavyweight of online business Alibaba Thursday announced the replacement of its CEO Jonathan Lu, issuing a 5% increase in net profit Group share in the past financial year, despite a decline at year end.
No explanation was officially given by the group to replace Jonathan Lu, two years after arriving in the mail, the current COO of the group, Daniel Zhang.
Alibaba, which made a big splash on Wall Street in September has since experienced varying fortunes on the stock market.
Introduced to $ 68, the action of the retail giant Online had seen during his fly up to 120 dollars in November but has then been eroding to fall to around 80 dollars. The stock also fell in January amid Beijing fraud charges.
Jonathan Lu was CEO of the group since May 2013, when he succeeded the founder of Alibaba, the iconic Jack Ma, who remains president in charge of the strategic direction of the group.
“There is no better person (Daniel Zhang) to direct the Alibaba Group when we approach the next phase of our growth based on solid foundations that Jonathan helped build, “said Jack Ma in the press release the group.
Daniel Zhang, who will officially take up his new duties Sunday, joined by Alibaba August 2007. Jonathan Lu will remain for his part in the supervision of the group as vice-president.
INTERNATIONALIZATION PROGRESS
In a statement, Alibaba announced a net profit Group rose 5% to 3.896 billion dollars during the financial year ended March 31.
Its annual turnover has also increased by 45% to 12.293 billion dollars, driven mainly, the statement said, by “the permanence of a rapid growth of our retail business in China.”
The group achieved in 2014/2015 83% of its turnover in China , against 86% the previous year.
In January, Jack Ma had marked the spirits in Davos by announcing its determination to globalize its business to reach two billion users.
In the fourth quarter, Alibaba sees its turnover grow also by 45% to 2.811 billion dollars.
“Alibaba had a good quarter with growth in each of the operating segments key, “said Jonathan Lu in the release.
On 31 March, the Group had 350 million active users on its sites, a figure up 37%. Among them 289 million made purchases on mobile, a figure up 77% year on year.
The group’s sales through mobile platforms increased by 352% to $ 846 million.
However, the group in the fourth quarter net income of $ 463 million, down 49%. This slump is mainly due, he said, to increased spending to remunerate employees in the form of shares.
Number one online trade in China where it continues to diversify its business, Alibaba , founded in 1999 with $ 60,000, does not hide its global ambitions.
It is often presented as an Amazon competitor, even though, unlike the American giant, it does not manufacture any product.
Its IPO in September was the highest market operation in history.
afp / rp
(AWP / 05/07/2015 3:55 p.m.)
(AWP / 07.05.2015 15:55) ->
No comments:
Post a Comment