2023-06-25 17:27:47
Daniel Changyong is a Chinese businessman who for years served as Chairman and CEO of Alibaba. Young assumed the position of CEO from founder Jack Ma in 2015 and then the position of Chairman of the Board in 2019 until the company announced on June 20, 2023 that Young had left his positions. Before becoming CEO of the giant group, Young was the CEO of Taobao, a Chinese online shopping site similar to eBay and Amazon, in addition to being CEO of the e-commerce company Tmall. It is owned by the “Alibaba” group.
When he was CEO of Tmall, Young created Singles’ Day, an annual Chinese shopping event, that has become the largest online shopping day, with four times as many sales as Black Friday and Cyber Monday combined.
In 2020, Daniel Chang Yong was included in Time magazine’s list of the 100 most influential people in the world. Young was born on January 11, 1972, in Shanghai, China, where he studied economics at Shanghai Finance and Economics.
After graduating from university, Young worked at Barings Bank just before his bankruptcy due to fraud by trader Nick Leeson. Between 1995 and 2002, he worked for one of the former “Big Five” accounting firms, Arthur Andersen, which collapsed due to the Enron scandal. Then he worked for PricewaterhouseCoopers for two years, starting in 2002.
Young joined Taobao, a subsidiary of the Alibaba Group, in 2007 as Chief Financial Officer. The following year, he became the company’s chief operating officer, and in 2011, Young was promoted to the position of president of Tmall, an online shopping company owned by Taobao.
During his work in “Tmall”, Young launched the “Singles’ Day” shopping event, as sales on “Alibaba”, “Tmall” and “Taobao” sites amounted to $ 5.8 billion in 2013, $ 9.3 billion in 2014. and $14.3 billion in 2015. In 2013, Young was promoted to the position of Chief Operating Officer of the Alibaba Group, eventually succeeding Jonathan Lu to become CEO in 2015. On September 10, 2018, Jack Ma announced And that Young will assume the position of Chairman of the Board of Directors of the “Alibaba” Group, as of September 10, 2019.
Alibaba employees choose pseudonyms for themselves when they first join the company. Daniel Changyong is called “the free and unrestrained person.”
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