Alibaba Group Appoints Andrew Tsuei to the Boards of Alibaba.com and Taobao.com
Former Wal-Mart Procurement Chief Brings Global Sourcing Experience to Leading Online B2B and C2C Marketplaces
Hangzhou, May 14, 2007 - The Alibaba Group, a global e-commerce leader and the largest e-commerce company in China, today announced that it has appointed Andrew Tsuei as a non-executive director to the boards of directors of Alibaba.com, the group's B2B division, and Taobao.com, the group's C2C division. Mr. Tsuei was formerly Senior Vice President of Wal-Mart Stores Inc., and Managing Director of Wal-Mart Global Procurement.
Jack Ma, Alibaba Group CEO, said, "Andrew is a leading figure in the global retail and sourcing industry and we are delighted that he's joining our team. His broad experience and knowledge will help Alibaba.com and Taobao.com to better serve millions of Chinese and international customers and to play an ever-more important role in the world of global trade."
Mr. Tsuei has 20 years of management experience in the retail industry. He joined Wal-Mart in 2001, where he helped build the Global Procurement division from the ground up and brought Wal-Mart's global sourcing function in-house. Under his leadership, Wal-Mart's Global Procurement division grew to operate 27 sourcing offices around the world and engaged in sourcing activities in more than 70 countries.
Mr. Tsuei is a Taiwan-born Chinese American. Before Wal-Mart, he served as Chief Operating Officer of the Hong Kong-listed company China Everbright Holdings Limited.