Associated Press
FILE - In this Sept. 14, 2012 file photo, Chinese Internet entrepreneur, Jack Ma Yun, founder and chairman of Alibaba Group, attends an event in Hong Kong to celebrate the 70th anniversary of Emperor Entertainment Group Ltd., one of Hong Kong's biggest market leaders of the entertainment industry. Alibaba Group, one of the world's biggest e-commerce companies, said Monday, March 11, 2013, its executive vice president will succeed founder Ma as chief executive. Ma, 48, announced in January he was stepping down as CEO to make way for younger leaders. He stayed on as chairman. Jonathan Lu Zhaoxi, a 13-year veteran of the company, will take over in May as CEO, said the company, based in the eastern city of Hangzhou. (AP Photo/Kin Cheung, File)

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