SINGAPORE (BLOOMBERG) - Alibaba Group Holding Ltd replaced Lazada Group chief executive officer Li Chun with the head of its Thailand business and one-time business assistant to Alibaba CEO Daniel Zhang as competition in South-east Asia intensifies.
Mr James Dong, 42, is taking the reins of Lazada, Alibaba's South-east Asian arm, with immediate effect while Mr Li will serve as adviser to Lazada Group chairman Jiang Fan and remain on Lazada's board of directors, the company said Friday (June 3) in a statement, confirming an earlier Bloomberg News report.
The leadership change comes as the battle for supremacy in South-east Asia's Internet arena intensifies.
Lazada is locked in fierce competition with Sea's Shopee, which has been expanding in Latin America, as well as Tokopedia, part of GoTo Group, which went public in April.
Mr Dong, a former associate partner at McKinsey & Co, served as the head of globalisation strategy and corporate development at Alibaba and a business assistant to group CEO Zhang before joining Lazada as its CEO for Thailand in 2018, according to the company's website.
The following year, he took on the additional role of CEO for Vietnam, where he oversaw a push to bolster logistics and improve operations to cope with rising orders at the height of the pandemic.
Between June and August of 2021, at the peak of the fourth wave of Covid-19 in the country, Lazada's orders quadrupled from a year earlier, Vietnam-based CafeF reported, quoting Mr Dong.
The number of shoppers on Lazada Vietnam doubled in the third quarter of 2021 from the previous year, while its mall offering recorded its highest revenue with a growth rate of more than four times, according to a report by the company in 2021.
"Since James joined Lazada in 2018, he has quickly delivered success in his various roles," the company said in its statement.
Mr Dong has since passed the Vietnam top role on to Kaya Qin and has continued on as CEO for Thailand, where he led the launch of a new social commerce platform. He has an MBA from Cambridge University.
Mr Li, a veteran technologist, is stepping down after two years as Lazada Group CEO. He took over from Mr Pierre Poignant, who co-founded Lazada for Rocket Internet in 2012. Since being absorbed by Alibaba, the Singapore-based company has had four CEOs before Mr Dong and frequent management shuffles.