Alibaba has unveiled a major shake-up of top executives and business units as the Chinese tech giant prepares to launch a secondary listing in Hong Kong.
Maggie Wu, chief financial officer, will now oversee strategic investments, a key area for the group which has its roots in ecommerce, but also boasts a portfolio of more than 100 investments. She will work alongside vice chairman, Joe Tsai, who now has responsibility for M&A, in a move that will bring investee companies more tightly into the ecosystem, Alibaba said in an internal memo on Tuesday.
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