Alibaba replaces longtime chief Daniel Zhang in management shake-up
Alibaba’s longtime leader Daniel Zhang is being replaced as chief executive and chair of the Chinese ecommerce giant, as the group races to reinvent itself by splitting into six separate entities.Eddie Yongming Wu, the chair of Alibaba’s flagship ecommerce sites Taobao and Tmall, will replace Zhang as chief executive in September, the company announced on Tuesday. Alibaba co-founder and vice-chair Joseph Tsai will fill Zhang’s position as chair of the board.
The leadership change comes at a critical time for Alibaba after it announced plans to break up its tech empire in March and refocus on its ecommerce roots. Alibaba will pursue separate listings for its logistics and grocery businesses within the next 18 months and spin off its cloud division.
阿里巴巴周二宣布，其旗舰电商网站淘宝和天猫的董事长吴泳铭(Eddie Yongming Wu)将于9月接替张勇出任首席执行官。阿里巴巴联合创始人兼董事会执行副主席蔡崇信(Joseph Tsai)将接替张勇担任董事会主席。
Zhang, who has served as CEO for eight years, is to remain in charge of the cloud unit, which he took over in December as it struggled to maintain growth. “This is the right time for me to make a transition, given the importance of Alibaba Cloud Intelligence Group as it progresses towards a full spin-off,” said Zhang in a statement.