Alibaba replaces its e-commerce business head Trudy Dai with CEO Eddie Wu; Dai, one of Alibaba's earliest employees, will now help oversee non-core assets (Sarah Zheng/Bloomberg)

December 20, 2023

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Sarah Zheng / Bloomberg:

Alibaba replaces its e-commerce business head Trudy Dai with CEO Eddie Wu; Dai, one of Alibaba’s earliest employees, will now help oversee non-core assets — – Two-decade veteran Trudy Dai will help set up a holding firm — Alibaba’s growth has fizzled out in recent years as PDD arose

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