– CHINA, Hangzhou – Alibaba Group Holding Limited (NYSE: BABA | HKEX: 9988) today announced the appointment of current Executive Vice-Chairman, Joseph Tsai as Chairman of the Board of Directors effective on September 10, 2023, to succeed Daniel Zhang who will lead Alibaba Cloud Intelligence Group as its Chairman and CEO.
Eddie Yongming Wu will succeed Mr. Zhang as CEO and replace Mr. Zhang on the board of directors with effect on September 10, 2023.
“As CTO of key businesses including Taobao and Alipay during Alibaba’s critical phases of development, Eddie was instrumental in architecting our technology platforms and guiding our strategic direction. He led the creation of our proprietary monetization platform on Taobao and Tmall and drove the launch of the Mobile Taobao App to propel our company to the mobile-first era. I look forward to working with Eddie to spark our next phase of growth through technology and innovation,” said Joseph Tsai.
About Eddie Yongming Wu
Eddie Yongming Wu is one of our co-founders, a member of the Alibaba Partnership, and chairman of Taobao and Tmall Group since May 2023. Mr. Wu was technology director of Alibaba at the company’s inception in 1999. He served as CTO of Alipay from December 2004, became business director of our monetization platform, Alimama, in November 2005, and was promoted to general manager in December 2007. In September 2008, he became CTO of Taobao, and in October 2011 he took on the role of head of Alibaba Group’s search, advertising, and mobile business. Mr. Wu served as director of Alibaba Health Information Technology Limited, a company listed on the Main Board of the Hong Kong Stock Exchange, from April 2015 to October 2021 and chairman of Alibaba Health from April 2015 to March 2020. From September 2014 to September 2019, Mr. Wu was a special assistant to Alibaba Group’s board chairman. In August 2015, Mr. Wu founded Vision Plus Capital, a venture capital firm focused on investing in advanced technologies, enterprise services, and digital healthcare.
“I am grateful for the trust of the Alibaba Group board of directors and am honored to succeed Daniel as Alibaba’s CEO,” said Eddie Yongming Wu. “Over the past 24 years, Alibaba has consistently innovated through evolution and breakthroughs from within, and each transformation has catalyzed new growth. While our current transformation brings in a new corporate organizational and governance structure, Alibaba’s mission remains unchanged. We will continue to enable individuals and businesses to benefit from the digital economy and serve our customers with unique value proposition supported by innovation and our leading technology.”
Eddie graduated from the College of Information Engineering of Zhejiang University of Technology in June 1996.
About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba and that it will be a good company that lasts for 102 years.
For more information: http://www.alibabagroup.com/
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