Jonathan Lu

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Jonathan Lu
Born1969 (age 49–50)
NationalityPeople's Republic of China
OccupationBusinessperson
EmployerAlibaba Group
Net worthUS$1.1 billion (2018)[1]
PredecessorJack Ma
SuccessorDaniel Zhang

Jonathan Lu (Chinese: 陆兆禧; pinyin: Lù Zhàoxǐ; born 1969) is an honorary partner of Alibaba Group.[2] From 2013 to 2015, Lu served as Alibaba's CEO.[3] He was succeeded by Daniel Zhang.[4]

Biography[edit]

Early life and education[edit]

When Lu was in highschool, he wanted to be an architect. However, according to his statements, he forgot to complete a page on his Gaokao Exam and ended up getting a degree in hotel management from Guangzhou University. After graduation, he worked as a receptionist at a Holiday Inn in Guangzhou.[5]

Career[edit]

According to his public statements, before being tapped to become CEO, Lu worked at Alibaba for 13 years, including stints with the business-to-business division (alibaba.com), Taobao.com, and Yun OS.[5]

In 2013, Jack Ma selected Lu as his successor as CEO. During his tenure as CEO, Lu oversaw Alibaba's $21.8 billion IPO.[6] At the end of his tenure, Alibaba was doing well, beating market expectations, but there were rumors that Jack Ma, Alibaba's founder, no longer trusted Lu's ability to run the company.[7]

In 2015, Lu was the first senior manager to be named an "Honorary Partner", effectively retiring.[2] As of 2017, Lu has a net worth of 1.1 billion US Dollars. [8]

References[edit]

  1. ^ "Lu Jonathan". Forbes. Retrieved 2017-10-02.
  2. ^ a b "井贤栋接替陆兆禧出任阿里巴巴集团董事". tech.sina.com.cn. Retrieved 2017-10-02.
  3. ^ Lunden, Ingrid. "Alibaba Names Insider Jonathan Lu As New CEO, Replacing Founder Jack Ma". TechCrunch. Retrieved 2017-10-02.
  4. ^ Flannery, Russell. "Who Is Alibaba's New CEO?". Forbes. Retrieved 2017-10-02.
  5. ^ a b "Alibaba CEO Lu Rises From Holiday Inn Job to Ma Confidant: Tech". Bamboo Innovator. 2013-11-18. Retrieved 2017-10-02.
  6. ^ "IT'S OFFICIAL: ALIBABA WILL BE THE LARGEST IPO EVER". Business Insider. Retrieved 2017-10-02.
  7. ^ "Alibaba's CEO replaced". Business Insider. Retrieved 2017-10-02.
  8. ^ "Lu Jonathan". Forbes. Retrieved 2017-10-02.