Alibaba group announces chairman and ceo succession plan

Hangzhou, china--(business wire)--alibaba group holding limited's (nyse: baba and hkex: 9988, “alibaba” or “alibaba group”) board of directors today announced that joseph c. tsai, currently executive vice chairman, will succeed daniel zhang as chairman of the company. eddie yongming wu, chairman of taobao and tmall group, will succeed mr. zhang as chief executive officer and replace mr. zhang on the company's board of directors. both appointments will take effect on september 10, 2023. followin.
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