Published 3 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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Alibaba's Ex CEO Resigns As Jack Ma's Lieutenants Take Up Positions

Alibaba Group Holding Ltd.'s former chief Daniel Zhang has decided to quit just months after agreeing to lead its cloud division, introducing another layer of uncertainty to China's largest e-commerce company.

3 months ago·New Delhi, India

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

Alibaba Group Holding Ltd.’s former chief Daniel Zhang has decided to quit just months after agreeing to lead its cloud division, introducing another layer of uncertainty to China’s largest e-commerce company just as it’s navigating a complicated breakup.

3 months ago·Honolulu, United States

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