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Alibaba has once more shaken up its prime administration group because it tries to chart a brand new course after it reversed key planks of its bold restructuring plan.
Alibaba chief government Eddie Yongming Wu has taken over as head of the ecommerce enterprise unit, a shakeup that comes as the net big has been shedding market share to PDD Holdings and ByteDance’s Douyin.
Wu took over in September, and on the identical time assuming a task as head of the cloud enterprise, overturning a succession plan for departing group CEO Daniel Zhang to go up that unit.
Wu is changing longstanding Alibaba government Trudy Dai as the top of Taobao and Tmall, the nation’s greatest on-line purchasing platforms.
Dai will assist type a brand new asset administration firm, Alibaba mentioned.
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