Caixin
Mar 19, 2024 03:25 AM
BUSINESS

Alibaba Shakes Up Freshippo Leadership, Signaling Potential Sale

00:00
00:00/00:00
Listen to this article 1x
A Freshippo outlet in Zhengzhou, Henan province.
A Freshippo outlet in Zhengzhou, Henan province.

Alibaba Group Holding Ltd. has appointed a new head of its grocery arm Freshippo, raising speculation about the future direction of the retail unit.

Hou Yi, Freshippo’s founder, will be replaced as chief executive officer by Yan Xiaolei, the current chief financial officer.

Hou, 60, will retire but serve as chief adviser to the company, Alibaba CEO Wu Yongming announced in a letter to employees Monday.

loadingImg
You've accessed an article available only to subscribers
VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST