Alibaba won't last without expanding globally, new CEO says

Alibaba is looking to grow its cloud computing business in the US

Alibaba's new CEO Daniel Zhang.

Alibaba's new CEO Daniel Zhang.

After taking over the reins, Alibaba Group's new CEO has made global expansion a top priority for the Chinese e-commerce giant.

Alibaba will heavily invest in "new and existing overseas operations," said Daniel Zhang in a speech on Wednesday to employees, an excerpt of which was posted on the group's website.

Zhang, 43, was the company's chief operating officer until he replaced CEO Jonathan Lu last week, as the group said it was looking to tap new younger talent.

In his speech, Zhang said he wants to recruit talent from other countries and adopt "global thinking." If the company can't globalize, then Alibaba won't last, he said.

Most of Alibaba's business is still centered on China where it runs two of the country's largest online retail sites, Tmall.com and Taobao Marketplace. Although there's still plenty of room for growth in China, the company has been gradually expanding into foreign markets, where it could end up competing with Amazon.com and eBay.

It already has its AliExpress site, an English-language e-commerce platform that sells Chinese-made goods to international customers. And it has been courting foreign brands to sell through its Tmall site.

Alibaba is also investing in cloud computing and is a leading provider in China. In March it announced it would push into the U.S. cloud computing market. In his speech, Zhang said he wants to grow Alibaba's cloud computing customer base.

Alibaba, which is China's largest e-commerce company, is perhaps best known for its massive U.S. IPO. But the company's stock price has struggled to stay high, and its profits have remained depressed due to stock awards to employees.

No mention was made on how else Alibaba might expand internationally. But the company has been investing in the U.S., funding internet companies such as Snapchat and Lyft.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuespersonnele-commerceAlibaba Groupinternet

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Michael Kan

IDG News Service
Show Comments

Father’s Day Gift Guide

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?