Eddie Yongming Wu will become CEO of Alibaba, while Joe Tsai will take over as chairman. Both are close confidants of Alibaba's billionaire founder Jack Ma.
Outgoing Alibaba CEO Daniel Zhang said the cloud business is "now full speed ahead on its spin-off plans," and that is a reason why he is stepping down as group boss.
The People's Bank of China cut two lending rates on Tuesday for the first time in 10 months, as the world's second largest economy shows signs of stalling.
Black executives say diverse hiring and promotion has been a focus since the murder of George Floyd, but corporate America has a long way to go: CNBC survey.
After a combined 50 years of studying what makes relationships successful, psychology experts Jessica Griffin and Pepper Schwartz share the communication rules that happy couples always follow.
The breakdown of your workout may be more important than its length. Here's the ideal exercise structure for optimal health from a doctor who studies longevity.