June 20 (Reuters) – Alibaba Group Holding said
on Tuesday that Eddie Yongming Wu, chairman of its Taobao and
Tmall Group, will succeed Daniel Zhang as chief executive
officer, in the company’s biggest executive reshuffle since its
restructuring.
The e-commerce giant announced in March it will split into
six business units, each with its own CEO and board of
directors, and adopt a holding company management model, in the
biggest revamp of its 24-year history.
Below are the six divisions:
TAOBAO TMALL COMMERCE GROUP
The Taobao Tmall Commerce Group covers Alibaba’s
domestic-facing e-commerce marketplaces, which make up over
two-thirds of Alibaba’s total revenue. Taobao and Tmall are
China’s dominant e-commerce marketplaces in China.
Despite the scale of Alibaba’s e-commerce operations, growth
in the…
