Daniel Zhang, chairman and chief government officer Alibaba Group, stated the corporate’s monetary 12 months from April 2021 to March 2022 was impacted by the uncertainties round Covid, “new expectations” on China’s web sector and the “excessive frequency” of worldwide geopolitical conflicts.
Wang Zhao | AFP | Getty Photographs
Alibaba Group stated on Sunday that Daniel Zhang will step down as chairman and chief
government officer of its cloud enterprise.
Zhang had beforehand been concurrently serving in three roles, heading the group in addition to its cloud unit.
He handed over the position of the group’s CEO to Eddie Wu on Sunday, who will
additionally take cost of the cloud unit after Zhang’s departure.
