Alibaba's Ex CEO Resigns As Jack Ma's Lieutenants Take Up Positions
NDTV
Zhang decided to step down as head of Alibaba's cloud division, the company said in an internal memo seen by Bloomberg News.
Alibaba Group Holding Ltd.'s former chief Daniel Zhang has decided to quit just months after agreeing to lead its cloud division, introducing another layer of uncertainty to China's largest e-commerce company just as it's navigating a complicated breakup.
Zhang decided to step down as head of Alibaba's cloud division, the company said in an internal memo seen by Bloomberg News.
The executive assumed that post - regarded as pivotal within the organization - after ceding his dual roles of chief executive officer and chairman to Eddie Wu and Joseph Tsai, respectively. Wu and Tsai, close confidantes of Alibaba co-founder Jack Ma, formally took up their positions on Sunday.
