Alibaba New Boss

This would help maintain a "start-up mindset" and prevent the company getting "stuck in our old ways", he said

The appointment of Eddie Wu Yongming to replace the affable Daniel Zhang surprised insiders, even though the 48-year-old computer scientist has been with Ma from Alibaba's humblest beginnings

It's creating two digital commerce teams, each for international and domestic markets

Zhang said Chinese internet companies have moved to the forefront of the global industry with the help of government policies, but regulations need to evolve

Ma, one of China's wealthiest and best-known entrepreneurs, gave up his post on his 55th birthday as part of a succession announced a year ago

Since his ascension, the Shanghai-educated executive has proven a capable operator, designing and pulling off mega-events such as the annual Singles' Day shopping bonanza