国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Alibaba pins US growth hopes on Goldman's China deal-maker

(Agencies) Updated: 2015-08-06 10:12

Alibaba Group Holding Ltd is hoping a Canadian Olympic gold medalist once tipped to be the next chief executive of Goldman Sachs Group Inc will help make it big in the United States.

Michael Evans, who turns 58 this month, retired from the US investment bank in 2013, having forged a reputation as one of the most prolific deal-makers in Alibaba's native China during a seven-year stint in Hong Kong between 2004 and 2011.

Now he is tasked with leading the e-commerce giant's expansion outside its homeland, an assignment that will be particularly tough in the US given regulators' sometimes hostile attitude to Chinese firms buying US technology assets.

"Evans was Mr China back when he was at Goldman," said Eugene Tan, head of Asian investment banking at Oppenheimer Investments Asia Ltd.

"For a Westerner he was regarded as knowing how the country works and he'll be a useful face for Alibaba to fight off negative sentiments as they try and break into the US market."

Reuters was unable to contact Evans outside of normal working hours in the US, where he is based.

As well smoothing the way for acquisitions, Evans will be expected to seal partnership arrangements for Alibaba with brands and retailers across the US as well as in Europe and the rest of Asia.

Tan, who knew Evans when they both worked at Goldman, said the appointment is part of a wider strategy at Alibaba to hire bankers who can help the company secure valuable technology outside of China.

"They are hiring up almost every tech banker I know. Jack Ma is a smart guy, he realizes you don't need to develop tech yourself all the time, you can just buy it."

Evans is the second former Goldman Sachs banker to take a senior role at Alibaba, following Michael Yao who joined in 2012 as its head of corporate finance. Yao was responsible for guiding Alibaba to its record $25 billion US initial public offering in 2014.

Evans also worked on the listing, and has sat on Alibaba's board as an independent director ever since.

He won his Olympic gold in the men's eights rowing during the Los Angeles 1984 Summer Olympics, competing on the same team as his twin brother Mark who also worked at Goldman Sachs.

The pair's father John Evans was a successful cardiologist, businessman and philanthropist.

Michael Evans had been tipped to take over at the top of Goldman from current chairman and CEO Lloyd Blankfein, surprising many in the industry when he instead stepped down as its vice-chairman and head of the emerging markets division.

Hot Topics

Editor's Picks
...
神农架林区| 恭城| 通化县| 寿光市| 浠水县| 临安市| 合肥市| 平泉县| 沙雅县| 遂宁市| 庐江县| 静乐县| 湟中县| 遂平县| 肥西县| 安国市| 乐至县| 泗洪县| 和田县| 青州市| 前郭尔| 秭归县| 盐山县| 会同县| 河间市| 广水市| 新竹市| 江西省| 淳化县| 星子县| 长武县| 莆田市| 毕节市| 营口市| 孝昌县| 广河县| 平阳县| 遂宁市| 黔西| 桐乡市| 渝中区|