Alibaba’s new boss Daniel Zhang is finance veteran behind the push into new retail

Daniel Zhang, chief executive officer of Alibaba Group Holding Ltd., reacts as he speaks with guests ahead of a news conference at the launch of the company's 11.11 Global Shopping Festival in Hong Kong, China, on Thursday, Oct. 20, 2016. Photographer: Anthony Kwan/Bloomberg

Stewardship of Asia’s most valuable company is passing to a financial wizard who has led the company’s effort to drag the traditional retail industry into the 21st century.

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