How Alibaba News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Alibaba Group Holding's former CEO, Daniel Zhang, has unexpectedly left the company's cloud computing unit, raising concerns about its spinoff plans. Alibaba announced in March that it would split into six main business units, each with its own CEO and board of directors. The Cloud Intelligence Group, which includes Alibaba's cloud computing unit, is the company's dominant player in China's domestic cloud computing sector.

Internationalsupermarketnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from internationalsupermarketnews.com Daily Mail and Mail on Sunday newspapers.

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Beijing-based Ant Communications' Alibaba has sold nearly 3.1 per cent stake, which is equivalent to nearly half of its direct shareholdings in the digital finances firm One97 Communications, according to sources, as reported by PTI. -- aaa

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