Investing
Alibaba Group says Eddie Wu to succeed Daniel Zhang as CEO
© Reuters. The company sign of Alibaba Group Holding Ltd is seen outside its Beijing headquarters in China June 29, 2019. Picture taken June 29, 2019. REUTERS/Stringer/FILE PHOTO
(Reuters) -Alibaba Group Holding said on Tuesday that Eddie Yongming Wu, chairman of its Taobao and Tmall Group, willsucceed Daniel Zhang as Chief Executive Officer, in its biggest executive reshuffle since its restructuring.
Zhang will shift to fully focus on the cloud intelligence group, the company said. Zhang has since December been concurrently serving as the group’s CEO and chairman as well as the head of the Chinese tech giant’s cloud unit.
Joseph Tsai, currently Alibaba (NYSE:)’s executive vice chairman, will succeed Zhang as the group’s chairman.
“This is the right time for me to make a transition, given the importance of Alibaba Cloud Intelligence Group as it progresses towards a full spin-off. I look forward to working closely with Joe and Eddie in the coming months to ensure a seamless transition,” Zhang said.
Read the full article here
-
Side Hustles5 days ago
Mark Zuckerberg Is Now Second Richest Person in the World
-
Investing5 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles6 days ago
How to Be Unapologetically You and Why It Matters
-
Side Hustles6 days ago
With AI Magicx, It’s Like Getting an Entire Creative Team in One Money-Saving AI Tool
-
Side Hustles5 days ago
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Investing3 days ago
Hurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Passive Income6 days ago
How AI-Driven Personalization Is Transforming the Retail Industry
-
Investing5 days ago
BCA says investors should fade the real estate rally By Investing.com