Zhang made the announcement in a letter published on Alibaba's official Weibo account on Nov 26, right after Tmall's historical 213.5 billion yuan (.77 billion) in sales during this year's Singles Day shopping festival. It is also the biggest move by Alibaba after Jack Ma, co-founder and chairman of the group, announced his retirement plan on Sept 10.
Zachert expected China to account for more than 20 percent of Lanxess' global sales in 10 years.
Zhang Shuangmeng, a staff member at the zoo, said they always knew the monkey has a unique face but did not expect it to become a celebrity.
Zhang Rong will replace Zhu Chongshi as the president of Xiamen University.
Zhang is among an increasing number of people who are making a fortune through the online sneaker trade. Most of them are people in their 20s or even younger.
Zhang Dayong, secretary-general of the China Biomass Energy Industry Promotion Association, said upcoming government subsidies will serve as insurance for the industry involved in incinerating waste to generate power and help the sector continue with its steady progress, especially operators facing financial pressure.
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ZTE, in a statement on Friday, called the initial decision "unacceptable" and said it could cause damage to both the company and its partners.
Zhang Deli, chief macroeconomic analyst at Yuekai Securities in Guangdong province, said that foreign financial institutions could leverage their strength in the global network, professional expertise and strong capital position to gain a competitive edge in the Chinese market and their presence could lead to industry consolidation in the Chinese securities sector.
Zhang Cheng, general manager of the foresight technology division of SAIC Motor, said road tests on public roads can gather useful data on real traffic conditions for testing autonomous driving functions of smart cars.
Zhang Yaqin, president of Baidu, makes a speech at the ABC Summit in Beijing on Sept 15, 2017. [Photo provided to chinadaily.com.cn]