Category : Appointment/ResignationPublished on: June 23 2023
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Alibaba Group has announced that co-founder Joe Tsai is taking over as chairman, while Eddie Wu, currently chairman of ecommerce businesses Taobao and Tmall Group, has been appointed CEO.
Current Alibaba Group chairman and CEO Daniel Zhang will focus on the tech giant’s cloud business as chairman and CEO of Alibaba Cloud Intelligence Group, which is gearing up for an initial public offering.
All changes will take effect on September 10.
Zhang took over as CEO in 2015 and chairman in 2019, steering Alibaba through a transition period after founder Jack Ma stepped down in 2019.
Tsai, who is also owner of the Brooklyn Nets basketball franchise, is currently Alibaba’s executive vice chairman.
