Alibaba CEO Daniel Zhang Steps Down from Cloud Unit Amid Leadership Transition

Former Alibaba CEO Daniel Zhang steps down from cloud unit in surprise move amid leadership transition
Zhang took over as Alibaba CEO in 2015 and chairman in 2019, now handing reins to Joseph C. Tsai
New Alibaba CEO Eddie Wu also takes over as acting chairman and CEO of Alibaba Cloud
Alibaba to invest $1 billion in technology fund established by Zhang
Alibaba still plans to spin off cloud unit under separate management team

scmp.com

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