Alibaba Group Appoints New CEO for Taobao and Tmall Group
Alibaba Group, the Chinese tech giant, announced today that it has appointed Eddie Wu as the new Chief Executive Officer of Taobao and Tmall Group, the company's domestic e-commerce branch. Wu's appointment comes as part of Alibaba's ongoing management shakeup and efforts to further consolidate its core businesses.
Wu will be taking over from Trudy Dai, who previously held the position and was one of Alibaba's founding members. This move follows Wu's recent appointment as Alibaba's Chief Executive Officer in September, replacing Daniel Zhang. Wu also assumed the role of Chairman and CEO of Alibaba's Cloud Intelligence Group after Zhang's departure. With this latest change, Wu will now lead both of Alibaba's core businesses, solidifying his position at the helm of the company.
In addition to the leadership transition, Alibaba also revealed plans to establish a new asset management company. This entity will specifically focus on the operation of the company's non-core assets with the goal of improving return on capital and enhancing shareholder value.
Alibaba continues to make strategic moves to drive growth and streamline its operations. The appointment of Eddie Wu as CEO of Taobao and Tmall Group is expected to contribute to the company's overall success in the highly competitive e-commerce industry.
All Rights Reserved © 2024
Post a comment