Monday, July 22, 2019

Alibaba reshuffles management to oversee strategic investment unit: CFO Wu

  • >> Reuters
    Published: 2019-06-18 11:14:23 BdST

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FILE PHOTO: A logo of Alibaba Group is seen at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019. REUTERS

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.