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

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Zhang had previously been concurrently serving in three roles, heading the group as well as its cloud unit

As scheduled, he handed over the role of group CEO to Eddie Wu on Sunday, who will also take charge of the cloud business after Zhang’s departure, the company said in a statement.

Alibaba said in May it aimed to complete the public listing of its cloud unit within the next 12 months and on Sunday the company said it would continue to execute the spin-off plan under a separate, to be appointed management team. “Following careful consideration, the Alibaba board respected and accepted Daniel’s decision and appointed Eddie as acting chairman and CEO of Cloud Intelligence Group, effectively immediately.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 5. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China's Alibaba says Daniel Zhang quits cloud business in surprise moveSHANGHAI (Reuters) -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 the company announced he would leave his roles as group CEO and chairman to focus on the cloud unit. Zhang had previously been concurrently serving in three roles, heading the group as well as its cloud unit. As scheduled, he handed over the role of group CEO to Eddie Wu on Sunday, who will also take charge of the cloud business after Zhang's departure, the company said in a statement.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Alibaba says Daniel Zhang steps down from cloud businessSHANGHAI (Reuters) - Alibaba Group said on Sunday that Daniel Zhang will step down as chairman and chief executive officer of its cloud business. Zhang ...
Source: SaltWire Network - 🏆 45. / 63 Read more »