Shares of Alibaba Group were falling on Monday after the company said former CEO Daniel Zhang was stepping down as head of the cloud business.
Reuters and the South China Morning Post reported Zhang’s departure on Sunday, citing an internal memo at the company. Alibaba didn’t immediately respond to a request for comment from Barron’s.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alibaba Group's Former Chairman Zhang Steps Down as CEO of Cloud Business UnitBy Raffaele Huang Alibaba Group Holding's former chairman Daniel Zhang stepped down as chairman and chief executive of its cloud business unit on Sunday....
Source: MarketWatch - 🏆 3. / 97 Read more »
Shares of Alibaba tumble more than 3% after outgoing CEO unexpectedly quits cloud businessThe move comes just months after announcing a June announcement that Zhang was departing as chairman and CEO of Alibaba Group to focus on the cloud intelligence unit.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »
Shares of Alibaba tumble over 3% after outgoing CEO unexpectedly quits cloud businessThe move comes just months after announcing a June announcement that Zhang was departing as chairman and CEO of Alibaba Group to focus on the cloud intelligence unit.
Source: nbcchicago - 🏆 545. / 51 Read more »