Alibaba elevates Brooklyn Nets owner Joseph Tsai to chairman, names new CEO in surprise shakeup

Alibaba elevates Brooklyn Nets owner Joseph Tsai to chairman, names new CEO in surprise shakeup

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Alibaba Group Holding Ltd. is replacing eight-year veteran chief Daniel Zhang at the helm of a Chinese e-commerce leader bleeding market share and struggling to revive growth in the post-COVID era. Executive Vice Chairman Joseph Tsai, a longtime confidant of billionaire co-founder Jack Ma, will…

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