Alibaba's Daniel Zhang Steps Down from Cloud Business Role in Surprise Move

In a sudden development, Alibaba Group has revealed that Daniel Zhang, who was slated to leave his positions as group CEO and chairman, will also step down from his role in the company’s cloud business. This decision comes merely two months after it was initially disclosed that Zhang would shift his focus to the cloud unit, Reuters news report said. Daniel Zhang had been wearing multiple hats, serving concurrently in three pivotal roles – overseeing the group, the cloud intelligence unit, and managing the company’s role as China’s largest cloud provider, which is set to be spun off from Alibaba as part of the ongoing restructuring. Alibaba disclosed this departure decision through an internal letter addressed to its employees. Daniel Zhang’s originally scheduled handover of the group CEO position to Eddie Wu took place on Sunday, and the same letter indicates that Wu will also take the reins of the cloud business following Daniel Zhang’s exit. Alibaba released a statement expressing its gratitude for Daniel Zhang’s 16 years of contributions to the company, and it simply announced Eddie Wu’s succession in Daniel Zhang’s roles at the cloud unit. The Alibaba Cloud business is a critical component of Alibaba’s restructuring strategy
Read More