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"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