Eddie Wu named new CEO of Alibaba in surprise succession plan.
TL;DR Summary
Eddie Wu, one of Alibaba's co-founders and current chairman of Taobao and Tmall Group, will succeed Daniel Zhang as CEO of Alibaba Group, while Joe Tsai will take Zhang's place as chairman. Zhang will continue to lead the Alibaba Cloud Intelligence Group. This surprise succession announcement comes after Alibaba said in March it will split its company into six business groups.
- Alibaba announces Eddie Wu to succeed Daniel Zhang as CEO in surprise move CNBC
- Alibaba Group says Eddie Wu to succeed Daniel Zhang as CEO Reuters
- Alibaba Names New Chairman, CEO in Surprise Succession Plan Bloomberg
- Alibaba CEO Daniel Zhang to step down and focus on cloud business South China Morning Post
- Jack Ma's Alibaba Group unveils succession plan; e-commerce executive to replace Daniel Zhang as CEO Business Today
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