Alibaba appoints Eddie Wu as new CEO and Joseph Tsai as executive chairman

Tags: Person in news

Eddie Wu has been appointed as the new CEO and Joseph Tsai as Executive Chairman by Alibaba Group.

An Overview of the News

• Eddie Wu is one of the co-founders of Alibaba and currently serves as the chairman of Taobao and Tmall Group.

• This leadership change is the second major change for Alibaba in recent years after Jack Ma stepped down in 2019.

About Alibaba

• It is a Chinese multinational technology company.

• It specializes in e-commerce, retail, internet and technology.

• Alibaba operates in a variety of sectors including e-commerce, retail, Internet services and technology solutions.

• The company's primary strength lies in its e-commerce platforms such as Alibaba.com, Taobao, Tmall and AliExpress.

• Alibaba facilitates businesses and consumers to connect, buy and sell a wide range of products and services

• Alibaba Cloud, Alibaba's cloud computing division, provides infrastructure, data storage and AI capabilities.

Founded - 4 April 1999

Headquarters - Hangzhou, China

Founders - Jack Ma, Joseph C. Tsai, Zhang Ying, Jianhang Jin