ALIBABA CEO FULL

Wu, who co-founded Alibaba alongside Ma and Tsai in the late 1990s, will remain chairman of Taobao and Tmall Group, the company said. The company was then slapped with a record fine of $2.75bn for alleged unfair practices. Ma, China’s best-known entrepreneur, has kept a low profile since late 2020 when Beijing pulled the initial public offering of Alibaba affiliate Ant Group in the wake of a speech he made attacking Chinese regulators. Zhang, a former accountant, took over as Alibaba CEO and chairman from high-profile co-founder Jack Ma. In May it said it aimed to complete the public listing of its cloud unit, which analysts say could be worth as much as $60bn, within the next 12 months.

ALIBABA CEO FULL

Zhang said in a statement it was “the right time” for him to step down as the firm looks to implement a full spin-off of its cloud computing business, noting it was “inappropriate” for him to remain CEO and chairman while taking the cloud computing business public.Īlibaba has faced unprecedented headwinds in recent years as Beijing imposed tighter restrictions on the domestic technology sector.Īlibaba said in late March that it would split into six business groups in one of the most significant overhauls of a leading Chinese tech firm to date. When Alibaba announced its breakup three months ago, Chairman and CEO Daniel Zhang was to sit atop the broader holding company while also being head of its struggling cloud division. Daniel Zhang, CEO of the Alibaba Group, fielded those questions in a wide-ranging conversation with Fortune in advance of the Fortune Global 500 Summit in Hangzhou, China, but responded. Joseph Tsai, who is currently executive vice chairman, will take over from Zhang as group chairman. Keep reading list of 4 items list 1 of 4 Will UAE hurt Russia with export controls to please the US amid Israel war? list 2 of 4 Telegram restricts access to Hamas channels on Google, Apple stores list 3 of 4 What to know about the UK’s AI Safety Summit list 4 of 4 ‘State-sponsored’ attacks on phones of India opposition leaders, says Apple end of list

Alibaba ceo