Chinese technology giant Alibaba Group Holding Ltd. said it has promoted Toby Xu to chief financial officer.
Xu, who is currently deputy group chief financial officer, will start his new role at the beginning of April. He will replace Maggie Wu, who will continue as an executive director.
said Xu joined the company in 2018 and has been deputy group CFO since July 2019. His prior experience includes PricewaterhouseCoopers, where he was a partner for 11 years.
He is also a director of Sun Art Retail Group, Lianhua Supermarket Holdings and Red Star Macalline Group.