Alibaba announced on Tuesday that four high executives have been promoted as partners of the company.
The four are Yu Yongfu, President of Mobile Internet and Alimama; Zheng Junfang, Deputy CFO; Zhao Ying, Vice President of Ant Financial and Sun Lijun, General Manager of the rural Taobao marketplace. Yu Yongfu was head of UC Browser and became an executive at Alibaba after its acquisition last year.
This is the first time Alibaba has appointed new partners since its IPO in 2014. Alibaba began its partnership system in 2010. To become a partner at Alibaba, one needs to be nominated by an incumbent member and get voted in by other partners.
Among the 34 incumbent partners, 80% are born after 1970 and 30% are women. 21% of Alibaba’s current partners have a technical background.