CTO of Alibaba’s Overseas E-Commerce Operations Leaves Firm

Tang Xing, the CTO of Alibaba‘s overseas e-commerce operations and the general manager of AliExpress Basic Platform Center, has left the firm. According to sources close to Tang, the executive has departed for personal reasons.

Tang Xing used to be the technical director of the $Alphabet-A (GOOGL.US)$ Shanghai R&D Center, and was participating in the R&D of YouTube’s video search service. In March 2012, he became the CTO of $iQIYI (IQ.US)$ , a Chinese video streaming platform, responsible for technical products. Tang joined Alibaba in August 2019.

In August, Jiang Fan not only saw the departure of Tang Xing, but has also faced more severe challenges. According to the latest financial report released by Alibaba, there was no obvious growth in the firm’s overseas business.

According to Alibaba released its financial reports on August 4, 2022, the revenue of the firm’s international business division increased by 2% year-on-year to 15.5 billion yuan ($2.25 billion). Among them, revenue from international retail business decreased by 3% to 10.5 billion yuan, while the revenue of AliExpress and Trendyol decreased, which was offset by the positive growth of Lazada’s revenue. Revenue of Alibaba.com, an international wholesale business platform, increased by 12% to 4.9 billion yuan. This was mainly due to a 16% increase in the transaction volume completed by Alibaba.com, which led to the revenue growth of cross-border related value-added services.