Alibaba undergoes major leadership shake-up with new CEO and chairman.
TL;DR
Alibaba has announced a management shake-up that will see CEO Daniel Zhang replaced by company veteran Lucy Peng. Zhang will become executive chairman, succeeding Jack Ma, who will step down next year. The move comes as Alibaba faces increased competition in the e-commerce sector and scrutiny from Chinese regulators.
Topics:top-newsbusiness#alibaba#business#daniel-zhang#e-commerce#leadership-change#management-shake-up
- Alibaba replaces longtime chief Daniel Zhang in management shake-up Financial Times
- Alibaba CEO to step down to focus on cloud business in surprise leadership reshuffle CNBC
- Alibaba names new chairman and CEO in major shakeup CNN
- Alibaba Names New Chairman, CEO in Surprise Succession Plan Bloomberg Television
- Alibaba’s Daniel Zhang Will Leave Top Post, Replaced by Joseph Tsai The New York Times
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