The Alibaba Group has once again reorganized its management team. The internet giant has released a statement explaining this as of now Eddie WuCEO of Alibaba and Chairman of Taobao and Tmall Group, He will also become CEO of both e-commerce platforms. With this change, the company aims to ensure that its key national e-commerce and cloud computing operations have sufficient resources to compete in a time of technological disruption.
Previously, the person responsible was responsible for managing the e-commerce platforms Taobao and Tmall Trudy Dai. Some media outlets have noted that the change could be due to the decline in performance of marketplaces compared to their competitors Temu, PinDuoduo or Douyinhave recorded remarkable growth in the last year. However, Trudy Dai (one of the 18 co-founders of Alibaba) is not leaving the company, but will lead the new company, which they talked about in the statement: “The Company will establish a new asset management company that will focus on managing the realization of the Company's non-core assets as part of our ongoing efforts to improve return on capital and increase shareholder value«.
He Joe Tsai, Chairman of Alibaba Groupsent an email to staff saying this «AndEddie's leadership at both Alibaba Cloud and TTG will ensure we remain fully focused on our two core businesses, cloud computing and e-commerce, and can invest significantly and sustainably. Additionally, TTG will be enabled to transform through technological innovation.«.
Eddie Wu, CEO of Taobao and Tmall Group
Eddie Wu was not only CEO of Alibaba and Chairman of Taobao and Tmall Group, but he is also one of the co-founders of Alibaba and was the talk of the town in September takes over as CEO of the Chinese giant, replacing Daniel Zhang.
“Since taking over as Group CEO three months ago, Eddie has clarified Alibaba Group's strategic focus and priorities. Difficult compromises overcome and difficult but necessary decisions made” said tsai.
Aside from the above addresses, Wu would also be responsible for managing three business areas within the company, including: mobile telephony, instant messaging and music. In addition, according to the marketing media, he was Alibaba's first programmer. The drum.