Last updated: June 20, 2023
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In a significant leadership overhaul, Alibaba Group has appointed Eddie Wu, the existing chair of its Taobao and Tmall Group, as its new CEO.
He will succeed Daniel Zhang, who will concentrate on the company's cloud intelligence business.
Joseph Tsai, who is currently Executive Vice Chairman, will replace Zhang as Group Chairman.
Zhang said: “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.”
These changes will be effective from September.
