China's Alibaba says Daniel Zhang quits cloud business in surprise move

SHANGHAI: China's Alibaba Group said on Sunday that Daniel Zhang will step down from its cloud business, in a surprise move just two months after theZhang had previously been concurrently serving in three roles, heading the group as well as its cloud unit.

The cloud business is a major part of a restructuring the Chinese e-commerce giant announced in March that breaks the company up into six units, each with its own boards and CEOs. "Daniel has expressed his wish to transition away from his role as chairman and CEO of Cloud Intelligence Group," the company said in an internal letter to staff seen by Reuters that was signed by Joseph Tsai, an Alibaba co-founder who also took over the chairman role from Zhang as planned on Sunday.

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Alibaba says Daniel Zhang steps down from cloud businessSHANGHAI: Alibaba Group said on Sunday (Sep 10) that Daniel Zhang will step down as chairman and chief executive officer of its cloud business. Zhang had previously been concurrently serving in three roles, heading the group as well as its cloud unit. On Sunday he handed over the role of the grou
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