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U.S.-listed shares of Alibaba Group Holding rose Monday following news that the Chinese tech giant would lose a long-time senior executive and was shaking up the leadership of its commerce team.
Maggie Wu, who played an instrumental role in the public listings of Alibaba (ticker: BABA) in both New York and Hong Kong, will depart as chief financial officer in April 2022, to be replaced by Toby Xi, deputy chief financial officer.
Wu…