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

2 weeks ago 54


September 10, 20233:01 PM UTCUpdated ago

World Internet Conference in Wuzhen

Alibaba Group CEO Daniel Zhang (Zhang Yong) speaks at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Song/File Photo Acquire Licensing Rights

SHANGHAI, Sept 10 (Reuters) - Alibaba Group said on Sunday that Daniel Zhang will step down as chairman and chief executive officer of its cloud business.

Zhang had previously been concurrently serving in three roles, heading the group as well as its cloud unit. He handed over the role of the group's CEO to Eddie Wu on Sunday, who will also take charge of the cloud unit after Zhang's departure.

Reporting by Brenda Goh; Editing by Hugh Lawson

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