UPDATE: Alibaba Names Michael Evans as President

Alibaba Group today announced the appointment of Michael Evans as President of Alibaba Group, effective immediately. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150804005814/en/ … Alibaba Group today announced the appointment of Michael Evans as President of Alibaba Group, effective immediately. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150804005814/en/ Michael Evans, President of Alibaba Group (Photo: Business Wire) Mr. Evans will continue his service as a management member of the Alibaba Group Board, having previously served as an independent director since the company's initial public offering in September 2014. Mr. Evans' appointment highlights Alibaba Group's strong commitment to globalizing its business. The company has made growing its business outside of China a top priority, and is also committed to significantly increasing cross-border trade between China and key markets. "Michael