Chinese tech giant Alibaba names next CEO, chairman
Alibaba says Joseph Tsai will replace Daniel Zhang as chairman on September 10. – AFP pic, June 20, 2023.
CHINESE tech giant Alibaba said today it will replace its top boss in a surprise move at the e-commerce titan as it looks to recover from years of slow growth caused weak consumer spending and a crackdown by authorities. The move comes as the market leader prepares to undergo a fundamental reorganisation of its sprawling business operations, which span cloud computing, e-commerce, logistics, media and entertainment, and artificial intelligence.
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