Alibaba

E-commerce giant Alibaba announced on Tuesday that its chairman and CEO, Daniel Zhang, will be handing over the torch and focusing on leading Alibaba’s cloud intelligence group. While Zhang served both positions so far, the company has decided to split the responsibilities going ahead, and the company’s current executive vice…

Alibaba Group Holding Ltd. is bringing back two of Jack Ma’s longest-serving lieutenants to try and turn around a company that’s struggled to regain its footing since Beijing’s regulatory assault against the internet sector in 2021. Yet investors remain uncertain what they can do to restore an icon of Chinese…

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Alibaba Group Holding Ltd. is shaking up its leadership, with Daniel Zhang planning to step down from his roles as both chairman and chief executive. Joseph Tsai, Alibaba’s 9988, +0.72% BABA, +2.05% current executive vice chairman who also is known in the U.S. for owning the Brooklyn Nets basketball team,…

Executive shuffle comes after Chinese tech giant's restructuringZhang to wholly focus on cloud unitJoseph Tsai to succeed Zhang as Alibaba Group chairmanAlibaba aims to complete cloud unit listing in a yearSHANGHAI, June 20 (Reuters) - Alibaba Group (9988.HK) on Tuesday said its CEO and chairman Daniel Zhang will step down…

Alibaba founder Jack Ma held a small-scale internal meeting with top executives from Taobao and Tmall in late May to discuss the state of the company’s core e-commerce group, according to a Monday report by LatePost. During the meeting, Ma pointed out that the group faces severe competition, past success…

June 19 – According to Chinese media Baobian, the governance structure of Alibaba Group (BABA.NYSE, 09988.HK) is gradually becoming clearer after the 1+6+N restructuring plan. It is speculated that Daniel Zhang, the highest-ranking executive, may shift his focus to the development of Alibaba Cloud and step down as Chairman and…

Chinese billionaire Jack Ma taught his first university class in the Japanese capital last week, as he continues his retreat from the limelight after publicly criticizing Beijing’s regulators. Despite being worth an estimated $34.5 billion, Ma announced in May that he would be taking up a visiting professor position at…

During 6.18 shopping festival, 180,000 people in China bought watersports shoes...Read More