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(Bloomberg) -- Alibaba Group Holding Ltd.’s South Asian online retailer Daraz Group installed a new chief executive officer, the latest in a series of management shuffles at the Chinese e-commerce juggernaut.Most Read from BloombergApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028China Weighs Stock Market Rescue Package Backed by $278 BillionTurkey Approves Sweden NATO Bid, Leaving Hungary as HoldoutAn Isolated Israel Doubles Down on War in Gaza — At All CostsJames Dong, 44,

Jack Ma co-founded Alibaba Group Holding Ltd (NYSE: BABA) has been gradually reducing its stake in GoGoX Holdings, a 

About 100 co-workers have been laid off so far, Lazada employees who spoke to CNA estimated.

Alibaba Group Holding Limited (NYSE: BABA) stock declined, contributing to a broader drop in Hong Kong stocks to a nearly two-week low. Concerns about China's economic growth and diminishing hopes for immediate U.S. interest rate cuts have affected market sentiments. 

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