Page 22 - Cloud Intelligence Group News Today

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...

Alibaba's current chief executive Daniel Zhang will be replaced, the company announced, amid a major management shuffle in an effort to promote its cloud intelligence services.

Stock futures lower as China rate cut adds to global market worries; Week Ahead: housing data, earnings wrap-up; Alibaba slides as CEO steps down to run separated cloud business; Intel

Here are the most important news items that investors need to start their trading day.

Caught with their hands in the till, electric scooter makers who wrongfully claimed subsidies under the Centres FAME II scheme are set to feel the governments wrath.

The move comes as Alibaba pushes ahead with a plan to split into six business units

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Alibaba announced Chairman and CEO Daniel Zhang is shifting his attention to the company's Cloud Intelligence Group.

It is widely believed that Jack Ma, Alibaba's charismatic founder and former CEO, is responsible for the latest management revamp.

The news comes just months after the Chinese tech giant unveiled a major organizational overhaul.