The ex-CEO ofAlibaba is joining Firstred Capital as a managing partner

Alibaba Group's former CEO Daniel Zhang will join Firstred Capital as managing partner. Zhang left the Chinese e-commerce giant six months ago. Zhang will be managing partner at the firm, Firstred. Zhang is a former CEO of Alibaba Group, China's largest online retailer.

Daniel Zhang has joined a little-known Chinese investment fund. Zhang oversaw the rise and decline of the country’s highest-profile internet firm Alibaba Group Holding Ltd. Zhang has left the company months after his exit. Zhang: "Alibaba's Ex-CEO Joins Mystery Beijing Fund months after exit.