Patrick Frater Asia Bureau Chief Alibaba, the Chinese e-commerce, technology and entertainment giant, said Tuesday that Joseph C.
Tsai will succeed Daniel Zhang as chairman of the group. Eddie Wu (aka Wu Yongming) will take over Zhang’s role as group CEO.
Both men are veterans of the group. Tsai, owner of the Brooklyn Nets basketball franchise, is currently Alibaba’s executive vice chairman.
Wu is one of Alibaba’s founders and was its original chief technology officer in 1999. He has since held the CTO role at key businesses units including Taobao and Alipay and is currently chairman of Taobao and Tmall Group.
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