Zhang had previously been concurrently serving in three roles, heading the group as well as its cloud unit
As scheduled, he handed over the role of group CEO to Eddie Wu on Sunday, who will also take charge of the cloud business after Zhang’s departure, the company said in a statement.
Alibaba said in May it aimed to complete the public listing of its cloud unit within the next 12 months and on Sunday the company said it would continue to execute the spin-off plan under a separate, to be appointed management team. “Following careful consideration, the Alibaba board respected and accepted Daniel’s decision and appointed Eddie as acting chairman and CEO of Cloud Intelligence Group, effectively immediately.”
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