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Published 9 months ago

Alibaba’s ex-CEO quits as Jack Ma’s lieutenants take helm

Summary by Ground News
Daniel Zhang decided to step down as head of Alibaba's cloud division, the company said in an internal memo seen by Bloomberg News. The executive assumed that post after ceding his dual roles of chief executive officer and chairman to Eddie Wu and Joseph Tsai. Wu and Tsai, close confidantes of Alibaba co-founder Jack Ma, formally took up their positions on Sunday. Some analysts had expected Zhang to stay and steer the $11 billion cloud business.

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  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Center

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