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Alibaba founder Jack Ma’s close confidants have taken the top roles at the Chinese tech giant — Here’s who they are

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Alibaba CEO Daniel Zhang to step down. Here's what it means for the Chinese tech giant

Alibaba announced a major leadership reshuffle on Tuesday, with CEO and Chairman Daniel Zhang planning to step down this year and be replaced by veterans at the Chinese tech giant.

Eddie Yongming Wu will step in as CEO, while Joe Tsai will take over as chairman on Sept. 10.

The two executives are Alibaba veterans and close confidant of Alibaba’s billionaire founder Jack Ma.

But who are they exactly and what do their appointments signal about…

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