Alibaba reshuffles management; CFO Wu to oversee strategic investment unit

FILE PHOTO: The Alibaba group logo is seen at the high profile startups and high tech leaders gathering, Viva Tech, in Paris, France, May 16, 2019. REUTERS/Charles Platiau

Wu will take over from Executive Vice-Chairman Joe Tsai, who will support Wu in her new role, Alibaba said in a statement on its official WeChat account. It did not elaborate further on Tsai’s move. “To guarantee innovation, invest in our future, Alibaba is undertaking an organizational upgrade,” the company said in the statement, signed by Chief Executive Officer Daniel Zhang.

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