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International Business News: Alibaba Group on Tuesday said its CEO and chairman Daniel Zhang will step down from the roles to focus on its cloud division as the Chinese e-commerce
Alibaba (NYSE: BABA) stock is trading lower in US premarket price action today after it announced leadership changes.
Zhang will shift to focus on cloud intelligence, Alibaba said.
Eddie Wu will succeed Daniel Zhang as chief executive of Alibaba Group, the company announced Tuesday, laying out its succession plan.
Alibaba Group Holding said on Tuesday that Eddie Yongming Wu, chairman of its Taobao and Tmall Group, will succeed Daniel Zhang as chief executive officer, in the company's biggest executive reshuffle... | June 20, 2023