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    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

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    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

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    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

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    PAP Boss to Niger Delta Youths, Stay Away from the Protest

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    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

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Alibaba CEO Eddie Wu to take charge of company’s e-commerce business

December 20, 2023
in Business
Alibaba CEO Eddie Wu to take charge of company’s e-commerce business
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Alibaba Group Holding Ltd. co-founder and Chief Executive Eddie Wu will take over as the head of the Chinese internet giant’s core e-commerce group.

Wu will become CEO of Taobao and Tmall Group, Alibaba’s domestic e-commerce unit, effective immediately, the company said in a statement Tuesday night.

Taobao and Tmall’s previous CEO, Trudy Dai, will take a new internal role to help establish an asset-management company.

Wu took over as CEO of Alibaba Group
BABA,
+2.10%

9988,
+2.65%
in September, after Daniel Zhang stepped down. Wu is also in charge of Alibaba’s cloud and AI unit.

“Eddie’s leadership of both Alibaba Cloud and TTG will ensure total focus on, and significant and sustained investment in, our two core businesses of cloud computing and e-commerce, as well as enabling TTG to transform through technology innovation,” Alibaba Group’s Chairman Joe Tsai in an email to staff.

Analysts have recently soured on Alibaba, which has been surpassed by Pinduoduo and Temu parent company PDD
PDD,
+1.13%
as China’s most valuable e-commerce company. Alibaba announced a major overhaul earlier this year, reorganizing into six business units, in a move “designed to unlock shareholder value.”

Alibaba’s U.S.-traded shares are down about 14% year to date, compared to the S&P 500’s
SPX
24% gain this year.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MarketWatch – https://www.marketwatch.com/story/alibaba-ceo-eddie-wu-to-take-charge-of-companys-e-commerce-business-reports-fd1cda81?mod=mw_rss_topstories

Tags: alibababusinessEddie
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