Asia Tech Wire (Sep 20) -- Xiao Hu, the former head of Alibaba Group's strategic investment department, recently left the company to join First Light Capital, founded by China's "M&A queen" Liu Xiaodan, according to Chinese media outlet LatePost.

A report said that in March this year, Daniel Zhang, former chairman and CEO of Alibaba Group, announced that he had joined the M&A fund as a partner.

Hu has been with Alibaba since 2017, serving as director and managing director of Alibaba's investment strategy department.

Prior to her departure, she was the head of Alibaba's strategic investment department, reporting to Alibaba CFO Toby Xu.

LatePost has learned that around the spring of this year, Hu pushed for an $800 million investment in large model unicorn Moonshot AI by the strategic investment department.