Alibaba's Leadership Reshuffle: What it Means for the Company's Future
Alibaba co-founders Jack Ma and Joe Tsai appeared together in Hangzhou, showing a united front amid the company's massive corporate restructuring. Current CEO and chairman Daniel Zhang Yong is preparing to step aside, and long-time associates of Ma are returning to top corporate roles. Tsai, who is set to take over as chairman, visited the headquarters of Cainiao Network, Alibaba's logistics arm. The company is splitting into six independently run entities, and Alibaba Cloud is in the process of doing an IPO under Zhang's leadership.
