Meet The New CEO Taking Over Alibaba

Today we will be talking about Alibaba’s new leaders. The current alibaba chairman will be moving aside as two alibaba co-founders take center stage.
For anyone who hasn’t kept up with alibaba’s happenings this past few years. Jack Ma is no longer the chairman of alibaba. He was forced into retirement after he insulted China's government in 2019.
The chairman that has been overseeing Alibaba's operations is Daniel Zhang.
However he is stepping down while two other executives are stepping up.
The reason for this new leadership shakeup is because of Alibaba's plans to split into six new companies. Alibaba itself will become a holding company of sorts for the six different companies.
The split was done to lessen the burden of government crackdown and regulatory problems. Being separate companies will also mean each company is free to make its own decisions and move faster than they would originally have as a bloated conglomerate with countless different priorities.
Each of the six companies will be able to raise money through IPOs if they decide to. We're going to take a look at the new company heads and why they’re there. Daniel Zhang, is stepping down from his role as chairman and CEO.
He will be focusing on Alibaba's cloud services moving forward.
The person replacing Daniel as Chairman is Joseph Tsai, the vice chairman of alibaba.
The Person replacing Daniel as CEO is Eddie Wu, the current chairman of taobao and tmall group which are among the largest ecommerce businesses in china. Combined both platforms bring in more than 900 million alive users annually.
So let's take a look at Alibaba's new CEO. Who is Eddie Wu?
Eddie Wu is one of alibaba’s earliest co founders. He was employee number 4 of alibaba. Back in 1999, he was the alibaba website’s technology director. Eddie Wu actually worked with jack ma on china pages, an online version of the yellow pages phone book, before they founded alibaba.
When Jack Ma went to Beijing to work at the commerce ministry, Eddie Wu followed him there to assist him.
In alibaba’s early days Eddie was tasked with building alimama, an advertising platform that would generate revenue for alibaba. Alimama allowed merchants to buy ads on alibaba’s website and was one of the few ways alibaba made money during its early days.
It was his work on Alipay that would turn it into one of the largest payment apps in china.
Eddie was in charge of the company’s monetisation push on taobao and tmall. His work on the Taobao mobile e-commerce app helped Alibaba gather many customers from China's smartphone focused consumer base.
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