Alibaba Group has announced that Eddie Wu will Succeed Daniel Zhang as CEO, effective from September 10th. Wu is one of Alibaba’s co-founders and currently chairman of Taobao and Tmall Group. The move comes after the company announced in March that it would split into six business groups to allow each to raise outside funding and go public. Zhang will continue to lead the Alibaba Cloud Intelligence Group as chairman and CEO. The other five business units include Taobao Tmall, its local services arm, Cainiao Smart logistics, its global e-commerce business, and its digital media and entertainment business.

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