Trader works on the put up the place Alibaba is traded on the ground of the New York Stock Exchange (NYSE) in New York City, U.S., March 28, 2023. REUTERS/Brendan McDermid
Brendan Mcdermid | Reuters
BEIJING — Alibaba Group CEO Eddie Wu is taking excessive function on the firm’s Taobao and Tmall e-commerce business, changing Trudy Dai in the Chinese web tech big’s latest administration shakeup this yr.
Dai, who is without doubt one of the 18 cofounders of Alibaba, will help in establishing an asset administration firm, in accordance to an inside letter from Alibaba Chairman Joe Tsai seen by CNBC.
Alibaba’s announcement Wednesday comes after Wu replaced Daniel Zhang as the group’s CEO in September.
Wu has been chairman of Taobao and Tmall Group since May 2023.
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