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)

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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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