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PaulTaylor
PaulTaylor
April 9, 2026

Alibaba CEO Wu Yongming announced internal leadership changes for its instant retail unit Taobao Flash Sales. Former CEO Wu Zeming will now focus solely on his role as Group CTO to drive AI transformation. Leadership of the business is handed to Lei Yaqun, who faces pressure to defend market share against rivals like Meituan, implement AI across operations, and achieve profitability by fiscal 2029, following Alibaba's target for the unit to exceed 100 billion yuan in scale within two years.

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