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Alibaba Says CFO Wu to Oversee Strategic Investment Unit Amid Reshuffle

Maggie Wu will take over from Executive Vice-Chairman Joe Tsai, the e-commerce giant said in an official statement.

Alibaba Group headquarters | Source: Courtesy

By

Reuters

18 June 2019

HANGZHOU, China — China's Alibaba Group Holding Ltd on Tuesday said its chief financial officer, Maggie Wu, will move to oversee the firm's strategic acquisitions and investments unit, as part of a business and management reshuffle at the e-commerce giant.

Wu will take over from Executive Vice-Chairman Joe Tsai, Alibaba said in a statement on its official WeChat account.

Its supermarket division, Freshippo, will become a standalone business, and enterprise software unit DingTalk will be merged into the firm's cloud unit, Alibaba said in the statement.

By Brenda Goh and Josh Horwitz

In This Article

Topics

China

Organisations

Alibaba

Location

Hangzhou, China

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