Alibaba New Boss

Chinese billionaire and co-founder of Alibaba Group, Jack Ma, has created a stir among observers with his unexpected visit to Pakistan, according to the Express Tribune newspaper.

It's creating two digital commerce teams, each for international and domestic markets

Zhang said Chinese internet companies have moved to the forefront of the global industry with the help of government policies, but regulations need to evolve

Ma, one of China's wealthiest and best-known entrepreneurs, gave up his post on his 55th birthday as part of a succession announced a year ago

Since his ascension, the Shanghai-educated executive has proven a capable operator, designing and pulling off mega-events such as the annual Singles' Day shopping bonanza