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The Independent UK
The Independent UK
National
Zen Soo

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle

Copyright 2018 The Associated Press. All rights reserved.

China’s Alibaba Group has announced a major management reshuffle as the e-commerce giant restructures into six different business divisions to adapt to fast-changing technologies.

The moves also are aimed at spurring growth at a time when the Chinese economy is slowing despite an end to COVID-19 pandemic restrictions a half-year ago.

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