|[July 31, 2014]
Alibaba Group Appoints Jane Penner as Vice President, Head of Investor Relations
HANGZHOU, China --(Business Wire)--
Alibaba Group today announced the appointment of Jane Penner as Vice
President, Head of Investor Relations, effective August 11. Penner will
be based in San Francisco and will be charged with leading Alibaba
Group's investor relations team.
Penner brings deep investor relations and financial communications
expertise, with a background that spans the technology, banking and
media sectors. Prior to her appointment at Alibaba, Penner led the
investor relations team at Google (News - Alert), a global technology leader with
nearly $60 billion in annual gross revenue.
Penner joined Google in 2008 from Bear Stearns Companies, Inc., where
she was a Managing Director. Prior to Bear Stearns, Penner was a senior
editor at TheStreet.com, where she served as the primary editor for
founder/lead columnist Jim Cramer and launched Real Money, a news and
commentary website for professional investors. She received her MA in
English from the University of Pennsylvania and a BA in English from
"Jane is an experienced investor relations professional with strong
knowledge of the technology sector and a proven record of building
investor trust internationally," said Maggie Wu, CFO of Alibaba Group.
"Jane's appointment is part of our broader focus on building a long-term
business for the future, and her expertise will be especially important
to Alibaba as our company enters this new and exciting phase."
About Alibaba Group
Alibaba Group's mission is to make it easy to do business anywhere. The
company is the largest online and mobile commerce company in the world
in terms of gross merchandise volume. Founded in 1999, the company
provides the fundamental technology infrastructure and marketing reach
to help businesses leverage the power of the Internet to establish an
online presence and conduct commerce with hundreds of millions of
consumers and other businesses.
Alibaba Group's major businesses include:
Taobao Marketplace (www.taobao.com),
China's largest online shopping destination
China's largest online third-party platform for brands and retailers
China's most popular online group buying marketplace
a global online marketplace for consumers to buy directly from China
China's largest global online wholesale platform for small businesses
a leading online wholesale marketplace in China
Alibaba Cloud Computing (www.aliyun.com),
a leading provider of cloud computing services to businesses and
Alibaba Group also provides payment and escrow services on its
marketplaces through its association with Alipay (www.alipay.com),
a related company of Alibaba Group.
Through China Smart Logistics, a 48%-owned affiliate, Alibaba Group,
operates a central logistics information system that connects a network
of express delivery companies in China.
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