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.
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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....
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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.
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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.
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