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home / articles / alibaba revamps management team aiming for innovatio mwn benzinga

TECH - Alibaba Revamps Management Team Aiming for Innovation and Growth Amid Challenges | Benzinga

Bio-Techne Corp

Alibaba Group Holding Ltd (NYSE:BABA) is undergoing a significant management restructuring, marking a new phase in its strategy to rejuvenate leadership and adapt to post-pandemic market conditions and past regulatory challenges. 

The company announced that Yu Yongfu, a long-standing executive and partner, will step down from overseeing a range of businesses, from the mapping service Amap to the meal delivery platform Ele.me, by the end of March, Bloomberg reports.

In the wake of Yu’s departure, Alibaba has appointed Wu Zeming, the Chief Technology Officer, as the new chairman of Ele.me, with Han Liu stepping in as the chief executive. 

Also Read: Full story available on Benzinga.com
Stock Information
Company Name: Bio-Techne Corp
Stock Symbol: TECH
Market: NASDAQ
Website: bio-techne.com
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