Friday, 24 March, 2023

Alibaba announces major reshuffle

<p>Alibaba announced reassigning of roles to four key executives in one of the largest reshuffles in the recent past. Maggie Wu, Alibaba&#39;s former CFO, will step down in April and be replaced by current deputy CFO Toby Xu. Jiang Fan, who previously led the core revenue generators, will now lead the newly formed International Digital Commerce. Trudy Dai will lead the newly formed China Digital Commerce unit, a merger of domestic consumer and wholesale marketplaces.<br /> &nbsp;</p>