Cheng is currently publisher of FTChinese.com, which he founded, and will move to London to take up his role in August.
He will report to John Ridding, chief executive of the FT, and sit on the FT management board. On editorial issues, he will report to Lionel Barber, editor of the Financial Times, as well as working closely with him and James Montgomery, editor of FT.com.
Ridding said that the appointment had been made to move FT.com to the next stage. 鈥淭he development of FT.com is a priority for us, and we must be leaders in international business news and analysis online, as well as in print,鈥 he said.