Alibaba replaces CEO, US VCs up investments in defense tech
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Daniel Zhang will be replaced as Alibaba CEO by Eddie Wu effective Sept 10, ending an eight-year run for Zhang, who will remain head of the company’s cloud business; Joe Tsai will take over the former CEO's role as board chairman - Link PitchBook data: US VCs are investing more in defense tech startups; the first five months of 2023 saw US VCs invest ~$17B in over 200 defense deals; defense tech investments more than doubled between 2019 and 2022, from ~$16B to ~$33B -
Alibaba replaces CEO, US VCs up investments in defense tech
Alibaba replaces CEO, US VCs up investments…
Alibaba replaces CEO, US VCs up investments in defense tech
Daniel Zhang will be replaced as Alibaba CEO by Eddie Wu effective Sept 10, ending an eight-year run for Zhang, who will remain head of the company’s cloud business; Joe Tsai will take over the former CEO's role as board chairman - Link PitchBook data: US VCs are investing more in defense tech startups; the first five months of 2023 saw US VCs invest ~$17B in over 200 defense deals; defense tech investments more than doubled between 2019 and 2022, from ~$16B to ~$33B -