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Alibaba reshuffles management, says CFO Wu to oversee strategic investment unit

Credit: REUTERS/Aly Song

China's Alibaba Group Holding Ltd on Tuesday said its chief financial officer, Maggie Wu, will move to oversee the firm's strategic acquisitions and investments unit, as part of a business and management reshuffle at the e-commerce giant.

SHANGHAI, June 18 (Reuters) - China's Alibaba Group Holding Ltd BABA.N on Tuesday said its chief financial officer, Maggie Wu, will move to oversee the firm's strategic acquisitions and investments unit, as part of a business and management reshuffle at the e-commerce giant.

Wu will take over from Executive Vice-Chairman Joe Tsai, Alibaba said in a statement on its official WeChat account.

Its supermarket division, Freshippo, will become a standalone business, and enterprise software unit DingTalk will be merged into the firm's cloud unit, Alibaba said in the statement.

(Reporting by Brenda Goh and Josh Horwitz)

((brenda.goh@thomsonreuters.com; +86 (0) 21 6104 1763; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))

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