TOKYO Alibaba Group Holding Ltd chief executive officer Eddie Wu will take over the company’s core e-commerce business, replacing longstanding executive Trudy Dai at the helm of China’s biggest online marketplace.

Dai, one of Alibaba’s earliest employees, will now help the company set up a company to oversee unspecified non-core assets. Wu and other executives have talked about the need to review their investment portfolio to identify and create value from Alibaba’s assets.

  - Bloomberg