Business Day

Alibaba shake-up ahead of listing


Alibaba Group, China’s largest e-commerce company, said yesterday it will appoint a new chief financial officer, as part of a management reorganisa­tion ahead of an expected initial public offering. Alibaba will promote deputy finance chief Maggie Wu to replace Joseph Tsai on May 10, the same day billionair­e Jack Ma relinquish­es the CEO post.

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