By Justina Lee
Chinese tech giant Alibaba Group Holding Ltd. said it had promoted Toby Xu to chief financial officer.
Mr. Xu, currently the group’s deputy chief financial officer, will begin his new role in early April. He will replace Maggie Wu, who will continue as chief executive.
Alibaba said Mr. Xu joined the company in 2018 and has been the group’s deputy chief financial officer since July 2019. His previous experience includes PricewaterhouseCoopers, where he has been a partner for 11 years.
He is also a director of Sun Art Retail Group, Lianhua Supermarket Holdings and Red Star Macalline Group.
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