Alibaba’s former chief executive Daniel Zhang has unexpectedly also stepped down as head of the company’s cloud computing division as the Chinese ecommerce group starts its break-up into six units.
The move comes as part of a leadership transition at Alibaba, which had already said Zhang would cede the position of group chair to co-founder Joseph Tsai and would hand over the role of group chief executive to Eddie Yongming Wu.
Alibaba said in March that it would break up its business empire, which spans ecommerce and entertainment and has a market capitalisation of $230bn.
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