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Alibaba’s Lazada names Chun Li as new CEO

SINGAPORE – Lazada, the Southeast Asian arm of Chinese e-commerce firm Alibaba Group Holding, said on Friday it would replace its chief executive officer. The company said in a statement that Lazada Group Chief Executive Officer and co-founder Pierre Poignant will be replaced by former Alibaba executive Chun Li, who is currently Lazada co-president and […]
Business

Merger with Fiat Chrysler on track: Peugeot CEO

PARIS (FRANCE) – Peugeot maker PSA’s boss Carlos Tavares said on Thursday he was confident the merger of the French carmaker and Fiat Chrysler (FCA) would go ahead as planned, yielding synergies of at least 3.7 billion euros (£3.3 billion). “The timetable of the merger with FCA is being strictly respected,” Tavares told PSA’s annual […]