Alibaba’s Lazada Hires Ant Group Veteran to Head Up Payments
- Ex-Alipay executive joins as online retailer’s payments chief
- Lazada makes other key appointments, including Singapore CEO
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Alibaba Group Holding Ltd.’s Lazada Group is creating a new role to lead payments in Southeast Asia for the first time, and tapped a former Alipay executive for the position.
Dayong Zhang, former general manager of Southeast Asia for Ant Group Co.’s Alipay, will become Lazada’s head of payments, the company said, confirming a report by Bloomberg News earlier on Friday. The move underscores the e-commerce company’s effort to generate growth from the business.