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Business

Alibaba CEO Eddie Wu to lead Taobao and Tmall’s e-commerce businesses

Trader works at the post where Alibaba is traded on the New York Stock Exchange (NYSE) in New York, U.S. March 28, 2023. REUTERS/Brendan McDermid

Brendan McDermid | Reuters

BEIJING — Alibaba Group CEO Eddie Wu is taking over the company’s Taobao and Tmall e-commerce businesses, replacing Trudy Dai in the Chinese internet technology giant’s latest management shakeup this year.

Dai, who is one of Alibaba’s 18 co-founders, will help create an asset management company, according to an internal letter from Alibaba Chairman Joe Tsai seen by CNBC.

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