Alibaba Boss Daniel Zhang to Step Down With Co-Founders to Take the Reins

Joseph Tsai will succeed Zhang as chairman in September, and Eddie Wu will take over as CEO

Jun 21, 2023

∙ Paid

Alibaba Chairman and CEO Daniel Zhang (left), Executive Vice Chairman Joseph Tsai (center), and company co-founder Eddie Wu.

Alibaba Group Holding Ltd. Chairman and CEO Daniel Zhang will step down from his roles, the company announced Tuesday, in a surprise leadership reshuffle that comes as the e-commerce giant is undergoing a major restructuring to try to revive growth.

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