New Alibaba CEO: Meet Eddie Wu, Alibaba cofounder and previously SVP

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New Alibaba CEO: Meet Eddie Wu, Alibaba cofounder and previously SVP
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Meet the new CEO of Alibaba

Eddie Wu, currently the chairman of Taobao and Tmall Group, will take over as CEO from Daniel Zhang, Alibaba Group announced Tuesday. The change in roles will take effect on September 10.

Zhang is also stepping down from his role as chairman of the board, per the company's announcement on Tuesday. He will be replaced by Joseph C. Tsai, who's currently the executive vice chairman of the group.in China behind gaming giant Tencent and beverage company Kweichow Moutai.it would be splitting into six separate groups. Taobao and Tmall Group, which Wu is currently the head of, is one of those six groups.

After Zhang steps down from his role, he will lead Alibaba's Cloud Intelligence Group as chairman and CEO, the company announced.Wu has thus far maintained a low media profile, but here's what we know about him.

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