TLDR
– Daniel Zhang, former CEO of Alibaba, has joined venture firm Firstred Capital as a managing partner.
– He will be working with the fund’s founder, Liu Xiaodan, to explore new opportunities in merger and acquisition funds.
Article Summary
Former Alibaba CEO Daniel Zhang has made a surprising move by joining venture firm Firstred Capital as a managing partner after his resignation from the e-commerce giant last year. With 16 years of experience at Alibaba Group Holding Ltd, Zhang will be collaborating with fund founder Liu Xiaodan to delve into potential prospects in merger and acquisition funds, as announced in a social media post by Firstred. This strategic partnership between Zhang and Firstred Capital marks a new chapter for the former CEO, showcasing a shift towards venture capital and investment opportunities. This move highlights the evolving career trajectory of influential tech leaders and their contributions to the investment landscape.
