Michael Zeisser, Alibaba's chairman of US investments, has departed having overseen deals for Lyft and Snap, and will likely be replaced by Peter Stern.
Michael Zeisser, chairman of US investments for China-headquartered e-commerce firm Alibaba, has left the company, Recode reported yesterday, citing a source familiar with the situation.
Zeisser had held the position since 2013, during which time the corporate’s investments have included messaging platform Snap, augmented reality technology developer Magic Leap and ride hailing service Lyft.
Although neither Alibaba nor Zeisser have revealed details of the situation, the source told Recode his departure, which was announced through an internal memo last weekend,…
