Alibaba Group has announced that co-founder Joe Tsai is taking over as chairman, while Eddie Wu, currently chairman of ecommerce businesses Taobao and Tmall Group, has been appointed CEO. Cur…
is taking over as chairman, while Eddie Wu, currently chairman of ecommerce businesses Taobao and Tmall Group, has been appointed CEO.
Zhang took over as CEO in 2015 and chairman in 2019, steering Alibaba through a transition period after founder “This is the right time for me to make a transition, given the importance of Alibaba Cloud Intelligence Group as it progresses towards a full spin-off,” Zhang said in a company statement. Tsai said in a company statement that Zhang “has made exceptional contributions to the development of Alibaba Group since joining the company in 2007. He demonstrated extraordinary leadership in navigating unprecedented uncertainties affecting our business over the past few years. We believe there is no better leader than Daniel to steer Alibaba Cloud Intelligence Group into the next chapter of its journey and future growth.
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