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Posted 9/11/2023, 12:52:00 PM

Alibaba Stock Drops After CEO Daniel Zhang Resigns from Cloud Business

Alibaba stock falls after former CEO Daniel Zhang steps down as head of cloud business
Zhang resigned as chairman of Alibaba Cloud Intelligence
Move comes amid a major restructuring of the cloud computing unit
Alibaba shares fell over 3% in Hong Kong trading on Monday
Zhang remains on Alibaba's board and is an advisor to CEO Jiang

barrons.com

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