10:11 AM EST, 03/08/2024 (MT Newswires) -- Alibaba Group Holding's ( BABA ) Lingxi Games head Zhan Zhonghui said in an email that he will step down by the end of this month, Reuters reported Friday, citing the email.

Zhan, who is about 50 years old, will be succeeded by game producer Zhou Bingshu, who is in his mid-30s, according to the report.

Two other executives of Lingxi, Alibaba's ( BABA ) video games arm, will also step down by March-end, the report said.

Alibaba ( BABA ) didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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