According to a recent change record from Chinese company registration information portal, the Chinese e-commerce giant Alibaba Group CEO Daniel Zhang is no longer the president of TaoBao Software Co. Ltd. His successor is Shan Dai, who is one of the founders of Alibaba and now Taobao CEO.
Along with the change, Daniel also quits as the president of Tmall technology company which is also one of the subsidiaries of Alibaba Group focusing on big brands.
Taobao (China) Software Co., Ltd. was established in December 2004 with a registered capital of USD 690 million. Its business scope includes research and development of computer software and hardware, network technology products, and multimedia products; sales of self-developed products, etc.
