Eddie Wu is the current CEO of

Alibaba Group Alibaba Group Holding Limited, branded as Alibaba (), is a Chinese Multinational corporation, multinational technology company specializing in E-commerce in China, e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzho ...

, having replaced Daniel Zhang in that position on 10 September 2023. Wu was one of Alibaba's 19 co-founders.

Career

On 10 September 2023, Wu replaced Daniel Zhang as the CEO of

. It was also announced that Wu would lead the cloud business of Alibaba Group. Wu has focused to orient Alibaba Group towards developing

artificial intelligence Artificial intelligence (AI) is the capability of computer, computational systems to perform tasks typically associated with human intelligence, such as learning, reasoning, problem-solving, perception, and decision-making. It is a field of re ...

. In the first 15 months of his tenure, Wu spent CN¥81 billion on capital expenditure, up from the CN¥34 billion in the previous months. The company also funded startups including

Moonshot AI Moonshot AI (Moonshot; ) is an artificial intelligence (AI) company based in Beijing, China. As of 2024, it has been dubbed one of China's "AI Tiger" companies by investors with its focus on developing large language models. The company has attr ...

MiniMax Minimax (sometimes Minmax, MM or saddle point) is a decision rule used in artificial intelligence, decision theory, combinatorial game theory, statistics, and philosophy for ''minimizing'' the possible loss function, loss for a Worst-case scenari ...

and

Zhipu AI Zhipu AI (智谱AI), formally known as Beijing Zhipu Huazhang Technology, is a Chinese technology company specializing in artificial intelligence. As of 2024, it is one of China's "AI Tiger" companies by investors and considered to be the third ...

References

Chinese chief executives Living people Year of birth missing (living people) Place of birth missing (living people) {{PRChina-business-bio-stub