Mar 21, 2024 07:25 PM

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Ex-Alibaba CEO Daniel Zhang Lands at Venture Firm

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What’s new: Alibaba’s former chief Daniel Zhang will join Firstred Capital as a managing partner, the Chinese venture capital firm said Thursday, after his surprise resignation from the e-commerce giant last year.

Zhang, who spent 16 years at Alibaba Group Holding Ltd, will work with the fund’s founder, Liu Xiaodan, to “explore a new future for merger and acquisition funds,” Firstred said in a social media post.

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