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