Alibaba names new CFO in management reshuffle separating overseas platforms

Alibaba Group Holding promoted Toby Xu to succeed long-standing chief financial officer Maggie Wu, and named new leaders to its commerce business, in the biggest management reshuffle for one of the world’s largest e-commerce companies as CEO Daniel Zhang seeks greater agility and strategic clarity.Xu, the deputy chief financial officer who joined the company in July 2018, will succeed Maggie Wu as the company’s CFO on April 1. Wu will remain director of the board and become a member of Alibaba…

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