Alibaba’s Ex-CEO Joins Low-Profile China Fund Months After Exit
- Daniel Zhang now managing partner at China’s Firstred Capital
- The fund has invested in chipmakers and consumer tech firms
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Former Alibaba Group Holding Ltd. chief Daniel Zhang has joined a little-known Chinese investment fund, a surprise twist to a long career during which he oversaw the rise and decline of the country’s highest-profile internet firm.
Zhang will take up the role of managing partner at Firstred Capital, the investment house said on its official WeChat account. The former CEO will work alongside founder Liu Xiaodan, according to the brief post.