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The logo of the Alibaba office building is seen in downtown Huangpu District in Shanghai, China, June 16, 2023.
Costfoto | Nurphoto | Getty Images
Eddie Wu will succeed Daniel Zhang as chief executive of Alibaba Group, the company announced Tuesday, laying out its succession plan.
Wu is one of Alibaba’s co-founders and currently chairman of Taobao and Tmall Group.
Zhang will continue to lead the Alibaba Cloud Intelligence Group as chairman and chief executive after this change, which the company said will take effect Sept. 10.
This is breaking news. Please check back for updates.
This article was originally published by Cnbc.com. Read the original article here.