Alibaba Group has named its chairman of Taobao and Tmall Group Eddie Yongming Wu as the group's CEO, succeeding Daniel Zhang and replace Zhang on the company’s board of directors as part of its major reshuffle to the leadership team. Meanwhile, the company's executive vice chairman Joseph C.Tsai is
Joseph C. Tsai named Chairman, Eddie Yongming Wu named Chief Executive Officer
Daniel Zhang will serve exclusively as Chairman and CEO of Alibaba Cloud Intelligence Group
. | June 20, 2023
In a surprise succession plan, Alibaba has announced a new chairman and chief executive to replace Daniel Zhang. The e-commerce major has been struggling to bounce back post-Covid.