Page 14 - Cloud Intelligence Group News Today

New Alibaba Group CEO Eddie Wu has told staff the tech giant's two main strategic focuses going forward will be "user first" and "AI-driven."

The Hangzhou-based ecommerce leader will reinforce strategic investments in the areas of AI-driven tech businesses, internet platforms and its global commerce network, Wu said.

Key Takeaways: Alibaba said its former Chairman Daniel Zhang will leave his new position as head of its cloud unit to manage a tech fund with a $1 billion contribution from the company The cloud unit is facing a number of challenges, including Beijing’s growing preference for state-run companies to handle sensitive data

New Alibaba Group CEO Eddie Wu has told staff the tech giant's two main strategic focuses going forward will be "user first" and "AI-driven".

New CEO Eddie Wu says this will help the company maintain a start-up mindset

"The board of our company expresses its deepest appreciation to Mr Zhang for his contributions to Alibaba Group over the past 16 years," Alibaba said in a statement that simply announced that Wu would succeed Zhang in his roles at the cloud unit.

China's Alibaba Group on Sunday announced that Daniel Zhang will step down from its cloud business, in a surprise move.

Alibaba revealed that Daniel Zhang, who was slated to leave his positions as group CEO and chairman, will also step down from cloud business

Announcement that Daniel Zhang will not continue to lead cloud business takes markets by surprise.

Former alibaba chief daniel zhang quits cloud business