Alibaba CEO Daniel Zhang quits role, to focus on cloud

The Chairman and CEO of Alibaba, Daniel Zhang, is stepping down.

Zhang will be replaced as chairman by Joe Tsai who is Alibaba’s current executive vice chairman, and as CEO and director of Alibaba’s board by Eddie Wu who is currently Chairman of Alibaba’s marketplaces Taobao and Tmall.

Zhang will lead Alibaba’s cloud intelligence group, which was recently spun out of Alibaba’s business restructuring.

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