The Chinese tech giant says its top leader, Daniel Zhang, will make way for two long-serving executives: Joseph Tsai takes over as chairman and Eddie Yongming Wu becomes chief executive.
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The social network is banned in the world's most populous nation, but that hasn't stopped founder Mark Zuckerberg from trying to find a way in.
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Chinese ecommerce group Alibaba beat expectations, reporting that revenues had increased 32 per cent for the last quarter despite the slowdown hitting the country’s economy.
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The Chinese e-commerce firm faces growing competition. THE initial public offering of shares in Alibaba, due shortly on the New York Stock Exchange, may raise more than $20 billion...
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