Joseph Tsai, one of the founders of the Chinese tech conglomerate, will replace Daniel Zhang on Sept. 10, the company announced Tuesday, with Tsai’s fellow co-founder Eddie Wu replacing Zhang as CEO. (The Logic)
Skip to content
Joseph Tsai, one of the founders of the Chinese tech conglomerate, will replace Daniel Zhang on Sept. 10, the company announced Tuesday, with Tsai’s fellow co-founder Eddie Wu replacing Zhang as CEO. (The Logic)
Talking point: The announcement comes three months after Alibaba said it will restructure into a holding company for its six major business groups. Zhang will now serve as chairman and CEO of Alibaba Cloud Intelligence Group. Restructuring plans include spinning off the cloud intelligence group as a separate listing and the IPOs of Cainiao Smart Logistics and unmanned grocery chain Freshippo. Wu will continue to lead Taobao and Tmall Group, the online shopping division, after taking over as Alibaba’s CEO.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Companies want the AI productivity boost, but not the big bills
Briefing
Businesses scramble to respond to wildfires as evacuations continue
CAAT updates the pension’s rules on pay transparency and workplace relationships
U of T gets government funding for wet-lab space at MaRS
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
