Accordingly, Eddie Wu was appointed to succeed Daniel Zhang as CEO, a move that allows Zhang to focus fully on the cloud computing business (Cloud Intelligence Group).
Wu, one of the company's founders, has held several key positions during his time at the group, including chief technology officer of Alibaba, Alipay and Taobao. He is also the director of Alibaba Health Information Technology and founded Vision Plus Capital, a venture capital firm focused on advanced technology, enterprise services and digital health.
The personnel changes come after China’s largest e-commerce giant said it would split into six units in the most significant restructuring since its founding, aimed at restoring the group’s strength amid slowing economic growth in the mainland and pressure from regulators.
“The development of core technologies such as cloud computing, big data and artificial intelligence will bring about huge changes in society. The cloud division is accelerating its spin-off plan at full speed, so this is the right time for me to devote all my time to this field,” Zhang said.
Alibaba also announced that vice chairman Joe Tsai will replace Zhang as chairman of the group.
The Chinese tech giant said last month it plans to complete the spin-off of its cloud computing unit and aims to turn the division into a standalone publicly listed company within 12 months.
In addition to cloud, other divisions include: Ta0bao Tmall, local mapping and food delivery services arm, Cainiao smart logistics, global e-commerce business (AliExpress and Lazada), and digital media and entertainment.
Zhang has been Alibaba's CEO since 2015 and took over as chairman from billionaire Jack Ma in 2019.
(According to CNBC)
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