Chinese e-commerce giant Alibaba names new CEO, chairman in major management reshuffle
1 year, 6 months ago

Chinese e-commerce giant Alibaba names new CEO, chairman in major management reshuffle

LA Times  

Joseph Tsai has been named the new chairman of Chinese e-commerce giant Alibaba Group. China’s Alibaba Group has announced a major management reshuffle as the e-commerce giant restructures into six different business divisions to adapt to fast-changing technologies. Alibaba’s current executive vice chairman, Joseph Tsai, is to succeed Zhang as chairman of the Alibaba Group. Zhang became Alibaba Group’s chief executive in 2015 and succeeded Ma as chairman in 2019.

China Chinese Zhang Group Chairman Alibaba  chinese  tsai  chairman  management  major  zhang  ceo  names  group  technology  alibaba  business  alibabas  ecommerce  giant  reshuffle

History of this topic

China’s Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters
1 year ago

China’s Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters

Associated Press  

HONG KONG — China’s Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo. Alibaba’s chairman Joe Tsai said in an internal letter dated Wednesday that Dai will help set up an asset management company aimed at improving returns on capital …

Former CEO of China's Alibaba quits cloud business in surprise move during its leadership reshuffle
1 year, 3 months ago

Former CEO of China's Alibaba quits cloud business in surprise move during its leadership reshuffle

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The former CEO of Alibaba, …

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle
1 year, 6 months ago

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China’s Alibaba Group has announced …

Chinese e-commerce giant Alibaba announces new CEO and Chairman in major reshuffle
1 year, 6 months ago

Chinese e-commerce giant Alibaba announces new CEO and Chairman in major reshuffle

The Hindu  

China's Alibaba Group has announced a major management reshuffle aimed at spurring the e-commerce giant's growth at a time when the Chinese economy is slowing despite an end to COVID-19 pandemic restrictions a half-year ago. Alibaba's current Executive Vice Chairman, Joseph Tsai, is to succeed Mr. Zhang as Chairman of the Alibaba Group. Mr. Zhang became Alibaba Group's CEO in …

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle
1 year, 6 months ago

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle

Associated Press  

HONG KONG — China’s Alibaba Group has announced a major management reshuffle as the e-commerce giant restructures into six different business divisions to adapt to fast-changing technologies. Alibaba’s current executive vice chairman, Joseph Tsai, is to succeed Zhang as chairman of the Alibaba Group. Alibaba’s reorganization will allow five of its six business divisions, excluding the core e-commerce business, to …

China e-commerce giant Alibaba outlines future strategy
1 year, 9 months ago

China e-commerce giant Alibaba outlines future strategy

Associated Press  

HONG KONG — Alibaba plans to spin off some of its sprawling e-commerce and finance empire as independent businesses to make them more flexible and maximize their value, its top executives said Thursday, as the company emerges from regulatory crackdowns that rattled Chinese tech industries. Alibaba, whose headquarters is in the eastern city of Hangzhou, will be “in the nature …

Alibaba shares jump 14% as plan to break up China tech giant is revealed
1 year, 9 months ago

Alibaba shares jump 14% as plan to break up China tech giant is revealed

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chinese technology giant Alibaba’s shares …

For Alibaba, Six Is Bigger Than One—And a Smaller Target
1 year, 9 months ago

For Alibaba, Six Is Bigger Than One—And a Smaller Target

Live Mint  

Six is bigger than one. The core Chinese e-commerce business will stay wholly owned by Alibaba but each of the other units could seek their own funding, and maybe eventually conduct initial public offerings. Analysts from Goldman Sachs and Morgan Stanley have both said the market is currently valuing Alibaba’s businesses outside its core Chinese e-commerce segment at zero. Alibaba’s …

Alibaba to split into six units, explore IPOs
1 year, 9 months ago

Alibaba to split into six units, explore IPOs

The Hindu  

Alibaba Group Holding Ltd is planning to split its business into six main units covering e-commerce, media and the cloud, the company said on March 28, adding that each of the units will explore fundraising or initial public offerings. The six units will include Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital …

Alibaba to split empire into 6 units as co-founder Jack Ma returns to China
1 year, 9 months ago

Alibaba to split empire into 6 units as co-founder Jack Ma returns to China

Hindustan Times  

Alibaba Group plans to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as Beijing vows to ease a sweeping regulatory crackdown and support its private enterprises. The Chinese e-commerce conglomerate said that the biggest restructuring in its 24 year history would see it split into six units …

Alibaba plans to split its business into six units, explore IPOs
1 year, 9 months ago

Alibaba plans to split its business into six units, explore IPOs

Live Mint  

Alibaba Group Holding Ltd on Tuesday said that it is planning to split its business into six main units covering e-commerce, media and the cloud,, adding that each of the units will explore fundraising or initial public offerings, reported Reuters. The six units will include Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global …

Alibaba to grow Southeast Asia e-commerce arm to $100b
3 years ago

Alibaba to grow Southeast Asia e-commerce arm to $100b

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. China s largest e-commerce company unveiled its vision Friday …

Alibaba appoints new CFO, reshuffles e-commerce businesses
3 years, 1 month ago

Alibaba appoints new CFO, reshuffles e-commerce businesses

Associated Press  

HONG KONG — China’s largest e-commerce group Alibaba said Monday it is appointing a new chief financial officer and reorganizing its e-commerce businesses amid a regulatory crackdown in the technology industry. Wu, who has been Alibaba’s CFO since 2013 and has helped lead three Alibaba-related company listings, will continue to serve as an executive director on Alibaba’s board. Separately, Alibaba …

Alibaba overhauls e-commerce businesses, appoints new CFO
3 years, 1 month ago

Alibaba overhauls e-commerce businesses, appoints new CFO

The Hindu  

Alibaba Group Holding Ltd said on Monday it was reorganising its international and domestic e-commerce businesses and would appoint a new chief financial officer. Alibaba said it would form two new units to house its main e-commerce businesses - international digital commerce and China digital commerce, in a bid to become more agile and accelerate growth. The international digital commerce …

Alibaba CEO says China's draft anti-monopoly rules ‘timely and necessary’
4 years, 1 month ago

Alibaba CEO says China's draft anti-monopoly rules ‘timely and necessary’

The Hindu  

China's move to draft rules aimed at preventing monopolistic behaviour by internet platforms is “timely and necessary”, Alibaba Group CEO Daniel Zhang said on Monday. The annual event from Nov. 23-24 organised by the Cyberspace Administration of China takes place as the country's internet giants including Alibaba, Tencent Holdings and Meituan face increasing government scrutiny. Earlier this month the planned …

Alibaba CEO says China’s draft anti-monopoly rules ‘timely and necessary’
4 years, 1 month ago

Alibaba CEO says China’s draft anti-monopoly rules ‘timely and necessary’

Hindustan Times  

China’s move to draft rules aimed at preventing monopolistic behaviour by internet platforms is “timely and necessary”, Alibaba Group CEO Daniel Zhang said on Monday. Alibaba Group CEO Daniel Zhang at the World Internet Conference in Wuzhen, Zhejiang province, China, November 23, 2020. The annual event from Nov. 23-24 organised by the Cyberspace Administration of China takes place as the …

Alibaba CEO strikes conciliatory tone on China’s plans for tougher tech regulation
4 years, 1 month ago

Alibaba CEO strikes conciliatory tone on China’s plans for tougher tech regulation

CNN  

Hong Kong CNN Business — Alibaba CEO Daniel Zhang has described plans by Chinese regulators to tighten restrictions on internet companies as “timely and necessary.” The remarks from Zhang come as Alibaba finds itself in the crosshairs of Chinese regulators. As China’s internet industry continues to develop, “many new problems and challenges will definitely arise,” Zhang added, and the government …

China's Regulators Summon Alibaba's Jack Ma Ahead of $39.7 Bn Public Offer of His Ant Group
4 years, 2 months ago

China's Regulators Summon Alibaba's Jack Ma Ahead of $39.7 Bn Public Offer of His Ant Group

News 18  

Jack Ma, founder of China's e-commerce giant Alibaba, and his senior executives were summoned on Monday by Chinese regulators for talks, just days ahead of the world's biggest initial public offer of $39.7 billion shares of the group's subsidiary – the Ant Group. Four Chinese regulatory bodies, led by the People's Bank of China, held a meeting with the top …

Discover Related