|[December 04, 2012]
Yahoo! Inc.'s Jacqueline Reses Joins Alibaba Group Board of Directors
HANGZHOU, China --(Business Wire)--
Alibaba Group Holdings Limited, China's largest e-commerce company,
today announced that Yahoo! Inc.'s Jacqueline D. Reses has joined
Alibaba Group's board of directors. Reses joins Jack Ma, Masayoshi Son
and Joe Tsai as one of four directors on the Alibaba board.
"I'm honored to be a part of Alibaba's distinguished board," said Reses.
"Jack and the team have built a strong business that has changed the
e-commerce landscape in China. I look forward to working closely with
them as Alibaba continues to innovate and grow."
"Today's announcement underscores Alibaba's strong relationship with
Yahoo!," said Jack Ma, chairman and chief executive officer of Alibaba
Group. "We are pleased to welcome such an experienced and respected
executive like Jackie, who brings a wealth of strategic insight and
operating experience to the Alibaba board."
Reses is executive vice president of people and development at Yahoo!,
where she is responsible for leading corporate and business development,
and human resources and talent acquisition globally. She has more than
two decades of experience building world-class technology and media
teams, and she has served on a number of boards of directors. Reses led
the U.S. media group at Apax Partners where she made some of the firm's
most significant investments in media companies. Previously, she served
as CEO of iBuilding Inc. and spent seven years t Goldman Sachs in
mergers and acquisitions and the principal investment area.
Yahoo! owns approximately 23 percent of Alibaba Group common stock on a
fully diluted basis.
About Alibaba Group
Alibaba Group's mission is to make it easy to do business anywhere.
Since it was founded in 1999, the China-based Alibaba Group has
developed leading businesses in consumer e-commerce, online payment,
business-to-business marketplaces and cloud computing. Alibaba Group
operates Taobao Marketplace (www.taobao.com),
China's most popular online shopping destination; Tmall.com (www.tmall.com),
China's leading online platform for merchants offering quality,
brand-name goods to consumers; eTao (www.etao.com),
a comprehensive shopping search engine; Alibaba.com International (www.alibaba.com)
and Alibaba.com China (www.alibaba.cn),
leading business-to-business marketplaces for small businesses engaged
in international trade and domestic China trade, respectively; and
Alibaba Cloud Computing (www.aliyun.com),
a developer of platforms for cloud computing, data management and mobile
services. Alipay (www.alipay.com),
the most widely-used online payment service by consumers and merchants
in China, is an affiliate of Alibaba Group.
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