Alibaba’s Freshippo shifts leadership after shelved IPO
Photo credit: Andy Feng / Shutterstock
Yan Xiaolei is the new CEO of Freshippo, the grocery arm of Alibaba Group, replacing its founder Hou Yi, a source familiar with the matter told Bloomberg.
Hou will be transitioning to a senior advisor role at the company, the source added. Yan was previously Freshippo’s CFO.
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