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In an official statement on Sunday, Alibaba said that Zhang will be replaced by Eddie Wu. Alibaba Group Holding Ltd (HKG: 9988), one of the prominent players in the Chinese technology industry, faced a 3.5% decline in its stock value on Monday following a surprising turn of events on September 10.
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After 16 years of service to the firm, Zhang is ready to move on to the next career phase. Alibaba expressed gratitude for his work at the company. In a surprising turn of events on Sunday, Daniel Zhang, the former chief executive and chairman of Chinese tech giant Alibaba Group, has
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Joe Tsai, the soon-to-be former executive vice chair of China-based technology giant Alibaba, will replace Daniel Zhang as company chair.In a June 20 announcement, Alibaba said Zhang would be stepping down as chair of the company and CEO effective Sept. 10, whereupon he will continue to serve as the chair
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According to Alibaba, Eddie Wu will take over from Daniel Zhang as CEO, to allow Zhang focus on the company’s Cloud intelligence business. Chinese multinational tech company Alibaba Group Holding Limited (HKG: 9988) has announced that co-founder Eddie Wu will take over the CEO position from Daniel Zhang. The company made the surprise
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Institutional interest in cryptocurrencies is increasing as the space continues to mature. A survey released on Dec. 8 by European investment manager Nickel Digital Asset Management found that 85% of institutional investors and wealth managers have dedicated teams to review cryptocurrencies and digital assets. The study noted that the investors
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