Alibaba Names Billionaire Joseph Tsai As New Chairman In Surprise Management Shakeup

Alibaba Names Billionaire Joseph Tsai As New Chairman In Surprise Management Shakeup

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Chinese e-commerce giant Alibaba Group has named a new chairman and CEO in a surprise management shakeup announced at a time of slowing growth and cutthroat competition. According to company statements and stock exchange filings, long-time Alibaba veteran Daniel Zhang will be stepping down as the…

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