Alibaba announces new CEO and chairman in surprise reshuffle

Alibaba Group on Tuesday said its CEO and chairman Daniel Zhang will step down from the roles to focus on its cloud division as the Chinese e-commerce giant moves ahead with a plan to split into six business units.

Jun 20, 2023 - 15:30
Alibaba announces new CEO and chairman in surprise reshuffle
Alibaba Group on Tuesday said its CEO and chairman Daniel Zhang will step down from the roles to focus on its cloud division as the Chinese e-commerce giant moves ahead with a plan to split into six business units.