- Daniel Zhang has announced his resignation from Alibaba.
- In China, Alibaba has long been associated with online shopping.
- Tsai is well known for his lengthy relationship with Jack Ma and has served as the company’s public face for a long time.
The leader of the company‘s cloud division, Daniel Zhang, has announced his resignation from Alibaba, a leading provider of Chinese technology. Alibaba co-founder Joseph Tsai and CEO Eddie Yongming Wu will succeed Zhang in their positions.
After taking over as the head of Alibaba’s cloud computing subsidiary in March as part of a restructuring, Zhang had been anticipated to keep that position. After it was revealed in June that he would be replaced by two important figures from the old guard of the internet company, Zhang’s position at Alibaba, however, came into question.
CEO of Alibaba
Wu will act as interim president of the cloud division. Eddie was chosen by the Alibaba board to serve as the interim chairman and CEO of the Cloud Intelligence Group after the Alibaba board recognized and accepted Zhang’s decision.
In China, Alibaba has long been associated with online shopping, but it has now branched out into digital payments, delivery services, travel arrangements, and entertainment.
As part of a larger initiative to tighten oversight of its internet titans, the firm has recently been under fire from the Chinese government.
Tsai, the new chair, is well known for his lengthy relationship with Jack Ma, the Chinese billionaire who co-founded Alibaba and has served as the company’s public face for a long time.
Zhang will stay on staff with the business and be in control of a $1 billion technology investment fund that Alibaba is presently launching.