Alibaba Group Holding stock was under pressure Monday amid news that the Chinese tech giant would lose a longtime senior executive and was shaking up the leadership of its commerce team.
Maggie Wu, who played an instrumental role in the public listings of Alibaba (ticker: BABA) in both New York and Hong Kong, will depart as chief financial officer in April 2022, to be replaced by Toby Xi, deputy chief financial officer.
Wu…