Tech giant Alibaba names next CEO

By Agence France-Presse

Jun 21, 2023 12:29 am

CHINESE tech giant Alibaba said on Tuesday it will replace its top boss in a surprise move at the e-commerce titan as it looks to recover from years of slow growth caused by weak consumer spending and a crackdown by authorities.

The move comes as the market leader prepares to undergo a fundamental reorganization of its sprawling business operations which span cloud computing, e-commerce, logistics, media and entertainment, and artificial intelligence.

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