Alibaba suddenly changes Chairman and CEO

Alibaba Group has just announced a replacement for Daniel Zhang as Chairman and CEO of the group.

Alibaba announced on June 20 that Vice Chairman Joseph Tsai will replace Daniel Zhang as Chairman. Meanwhile, e-commerce chief Eddie Yong will replace Zhang as CEO.

This comes as Alibaba is gradually losing market share and struggling to revive growth post-Covid-19.

*continue to update

Ha Thu (according to Bloomberg)

Tag: Alibaba e-commerce Corporate Health

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