Rumor: China Yahoo To Name New President

Alibaba vice president Jin Jianhang will be promoted to China Yahoo president next week, reports qq.com quoting a China Yahoo employee. The employee said Jin will announce China Yahoo's new strategy along with the end of inner-company personnel changes next week. According to the report, former China Yahoo president Zeng Ming will move to Alibaba Group as chief of staff. China Yahoo spokesman Tao Ran said yesterday that the company plans to focus on e-commence. Alibaba Group decided to set up new search and sales centers along with members of China Yahoo staff on January 23.