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nnnnn ali baba flying high thursday after sharing the news it did very well in the first three months of the year revenue rose forty five percent more than what many observers were expecting , the chinese e. commerce company also announcing a shake up at the top chief executive jonathan lu is stepping aside reuters correspondent john rue which the outgoing c. e. o. has only been in the job for two years , the current chief operating officer daniel john will take over as c. e. o. on sunday night he comes to the job with eight years of experience at ali baba c. is very much an insider , ali baba stock was hired by double digits in early trading but it still shy of its i. p. o. price last fall when it raised a record twenty five billion dollars , shares of been dogged by concerns over regulatory pressure for ali baba to root out counterfeit goods coupled with executive chairman jack ma's announcement of a hiring freeze