Former CEO of China's Alibaba quits cloud business in surprise move during its leadership reshuffle

FILE - Daniel Zhang, CEO of Alibaba Group, speaks to journalists during Alibaba's 11.11 Global Shopping Festival, also known as Singles Day, in Shanghai, China, Nov. 11, 2018. The former CEO of Alibaba, Daniel Zhang, resigned as head of its cloud computing unit Monday, Sept. 11, 2023, in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle.

Alibaba expressed its “deepest appreciation” to Zhang for his contributions to the company over the past 16 years.In an internal letter dated Sunday and viewed by the AP, Tsai wrote that Zhang had “expressed his wish to transition away from his role” as chief of the cloud business, and the Alibaba board had “respected and accepted Daniel’s decision.

Nigeria Nigeria Latest News, Nigeria Nigeria 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 »