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Alibaba Group Holding Limited (NYSE: BABA) stock is trading higher Thursday as it replaced Trudy Dai, a founding partner, with CEO Eddie Wu as the head of its core Chinese e-commerce platforms, 

Alibaba Group Holding Limited (NYSE: BABA) stock is trading higher Thursday as it replaced Trudy Dai, a founding partner, with CEO Eddie Wu as the head of its core Chinese e-commerce platforms, Tmall and Taobao. The move marked Alibaba's strategy to recover from recent challenges, including intensifying competition from PDD Holdings Inc (NASDAQ: PDD). Alibaba is now focusing on recovering its position in cloud and e-commerce. Li Chengdong, head of the Beijing-based Internet think tank Haitu...

Zhang said in a statement it was the "right time" for him to step down as Alibaba looks to implement a full spin-off of its advanced cloud computing unit.

New Age, a Dhaka-based leading English language daily newspaper, is a major source of news of Bangladesh and international affairs

By Stefanno Sulaiman and Sophie Yu JAKARTA/BEIJING (Reuters) -China's JD.com is to close its e-commerce services in Indonesia and Thailand, retreating from Southeast Asia after a bruising year for China's retail and technology sectors. JD.com