Alibaba says Daniel Zhang steps down from cloud business

Daniel Zhang, chairman and chief executive officer Alibaba Group, said the company's financial year from April 2021 to March 2022 was impacted by the uncertainties around Covid, "new expectations" on China's internet sector and the "high frequency" of

international geopolitical conflicts.said on Sunday that Daniel Zhang will step down as chairman and chiefZhang had previously been concurrently serving in three roles, heading the group as well as its cloud unit.also take charge of the cloud unit after Zhang's departure.

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