Daniel Zhang does different handover to the one expected
Zhang spent 16 years on board, serving as Alibaba Group CEO since 2015 and as Chairman since 2019. His departure has rocked the market, causing the share price slide more than four percent today as investors digested the news, and mulled fears of a delay to the cloud spin-off.
“After taking the helm as chair four years ago, Daniel confronted myriad challenges, including the Covid-19 pandemic and dramatic changes in the business environment. Yet, with this steady hand, Alibaba navigated and overcame challenges with grace and fortitude.”
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