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Alibaba founders Jack Ma, Joe Tsai appear in Hangzhou in show of confidence amid corporate reshuffling

Founding team members of Alibaba Group Holding converged in Hangzhou on Tuesday, as China's largest e-commerce firm showed a united front after its CEO and chairman announced plans to step aside to focus on the cloud business. Alibaba co-founder Jack Ma and current CEO and chairman Daniel Zhang Yong appeared together at the office of Alibaba Cloud, which Zhang also heads. In photos and videos of the event, the two smiled while chatting over drinks and walking through the company's camp...
New York United States China General Zhang Yi Jack Ma Joseph Tsai
Source: yahoo.com

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Alibaba co-founder Joe Tsai to take over as chairman as Daniel Zhang steps aside to focus on cloud business

Daniel Zhang Yong, the 51-year-old Chinese business executive, has announced his resignation as Alibaba Group Holding chairman and chief executive to focus on Alibaba Cloud, the digital technology and intelligence backbone of the group. Zhang will be succeeded as chairman by Joseph C. Tsai, who is currently executive vice-chairman, and Eddie Wu Yongming, chairman of Taobao & Tmall Group, will become CEO. Zhang will continue on at the company as chairman and CEO of Alibaba Cloud Intelligence...
Hong Kong Daniel Zhang Yong Jonathan Lu Zhaoxi Louis Cha Alibaba Cloud Intelligence Group Ant Group
Source: yahoo.com

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