Alibaba Group CEO takes over as chief of domestic e-commerce business

People stand in front of a Taobao and Tmall Group display at the Alibaba booth during the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023. REUTERS/Florence Lo/file photo

BEIJING (Reuters) - Alibaba Group CEO Eddie Wu will take over as chief executive of Taobao and Tmall Group, Alibaba's domestic e-commerce arm, effective immediately, the company said on Wednesday.

Wu, who has been Group CEO since September, also took over from previous head Daniel Zhang as the company's cloud business CEO that month. The latest appointment means Wu now leads the overall group as well as its two most important business divisions - cloud and domestic e-commerce.