{"id":1474,"date":"2025-06-27T09:25:14","date_gmt":"2025-06-27T09:25:14","guid":{"rendered":"https:\/\/jobuzo.com\/en\/alibaba-trims-partnership-as-company-bets-on-younger-leaders\/"},"modified":"2025-06-27T09:25:14","modified_gmt":"2025-06-27T09:25:14","slug":"alibaba-trims-partnership-as-company-bets-on-younger-leaders","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/alibaba-trims-partnership-as-company-bets-on-younger-leaders\/","title":{"rendered":"Alibaba trims partnership as company bets on younger leaders"},"content":{"rendered":"
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Alibaba Group Holding<\/span> has trimmed its partnership – a key corporate governance body for the e-commerce and artificial intelligence (AI) giant – as it embraces younger business leaders and strives to return to a start-up mindset.<\/div>\n
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Nine executives and company veterans – including former CEO Daniel Zhang Yong, 53, and fellow co-founders Trudy Dai Shan, 48, and Lucy Peng Lei, 51, who started the company with Jack Ma in 1999 – have exited the partnership, according to Alibaba’s annual report released late on Thursday.<\/p>\n

The reduction brings the number of partners down from 26 to 17. Alibaba owns the South China Morning Post.<\/p>\n

Many of the departing partners are no longer in leading roles in the company’s major business segments.<\/p>\n

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Daniel Zhang Yong, former CEO and chairman of Alibaba. Photo: Winson Wong<\/figcaption><\/figure>\n<\/div>\n<\/div>\n

Zhang, who became CEO in 2015 and chairman in 2019, stepped down from both roles in 2023. Dai, an early aide to Ma, took over as CEO of the domestic e-commerce unit, Taobao and Tmall Group, in early 2023, but was replaced by group CEO Eddie Wu Yongming later that year.<\/p>\n

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News :<\/span><div>12 weeks' jail for school IT support technician who took upskirt videos of teachers<\/div><\/span><\/a><\/div>

Others who left the partnership include Maggie Wu Wei, director of the digital entertainment unit, and Yu Yongfu, former head of local services.<\/p>\n<\/div>\n

Alibaba trims partnership as company bets on younger leaders<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Alibaba Group Holding has trimmed its partnership – a key corporate governance body for the e-commerce and artificial intelligence (AI) giant – as it embraces younger business leaders and strives to return to a start-up mindset. Advertisement Nine executives and company veterans – including former CEO Daniel Zhang Yong, 53, and fellow co-founders Trudy Dai…<\/p>\n

Read More “Alibaba trims partnership as company bets on younger leaders”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":1475,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/1474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=1474"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/1474\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/1475"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=1474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=1474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=1474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}