Alibaba’s outgoing CEO Daniel Zhang quits cloud business in surprise move

SHANGHAI: China’s Alibaba Group on Sunday announced that Daniel Zhang will step down from its cloud business, in a surprise move just two months after the company said he would leave his roles as group CEO and chairman to focus on the cloud unit.

Zhang had previously been concurrently serving in three roles, heading the group as well as the cloud intelligence unit. The unit is China’s largest cloud provider and is set to be spun off from Alibaba as part of the group’s restructuring.