Headquartered in Hangzhou in eastern China, the Alibaba Group is one of the world's premier e-commerce brands. The Group witnessed its modest beginnings as the first online marketplace was launched as "Alibaba Online" in December 1998. Originally, the website operated as a bulletin board service for businesses to post buy and sell trade leads. In June 1999, the lead founder and chairman, Mr Jack Ma, and 18 other founders formed the parent company, Alibaba Group, and in September 1999, major operating subsidiary in China, Alibaba China, was established to carry on the business of operating business-to-business marketplaces.
Mr David Wei is the Chief Executive Officer of Alibaba.com. He joined Alibaba Group in November 2006 as the president of the B2B business division and as an executive vice-president of Alibaba Group.
Mr Wei was the president, from 2002 to 2006, and Chief Financial Officer, from 2000 to 2002, of B&Q China, a subsidiary of Kingfisher Plc, a leading home improvement retailer in Europe and Asia. Under his leadership, B&Q China grew to become China's largest home improvement retailer. From 2003 to 2006, he was also the Chief Representative for Kingfisher's China sourcing office, Kingfisher Asia Ltd.
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