Bloomberg Business

Alibaba Names Tsai Chairman, Wu CEO in Surprise Shake-Up

Alibaba Group Holding Ltd. is replacing eight-year veteran chief Daniel Zhang at the helm of a Chinese e-commerce leader bleeding market share and struggling to revive growth in the post-Covid era.

Abu Dhabi Wealth Fund ADQ Held Early Talks to Acquire Lazard

Abu Dhabi wealth fund ADQ held preliminary talks to buy boutique investment bank Lazard Ltd., according to people with knowledge of the matter, highlighting the emirate’s continued interest in acquiring a major financial institution.

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