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Technology Stocks : Alibaba Group Holding Limited

BABA 132.22

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Mar 26 3:59 PM EDT

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From: Sr K	12/20/2023 12:42:30 PM
	of 882

Alibaba CEO Takes Direct Control of Domestic E-Commerce Businesses Leadership shake up is latest amid the e-shopping titan’s struggles with new competition By Sherry Qin Updated Dec. 20, 2023 6:02 am ET Share Resize Listen (1 min) Alibaba’s Eddie Yongming Wu is seen in this undated handout photo provided by Alibaba Group. PHOTO: ALIBABA GROUP/VIA REUTERS Alibaba Group Chief Executive Eddie Wu will take direct control of the company’s domestic e-commerce arm, the latest management shuffle at the e-commerce giant as it struggles with new competition from the likes of PDD Holdings in its home market. Alibaba said Wednesday that its board has approved Wu’s appointment as chief executive of Taobao and Tmall Group, the company’s domestic e-commerce business, effective immediately, according to an exchange filing. Exc.

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