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Chinese Tech Giant Alibaba Names Next CEO

Posted on AllSides June 19th, 2023
From The Center

Chinese tech giant Alibaba announced on Tuesday that it will replace chairman and CEO Daniel Zhang with current executive vice chairman Joseph Tsai in September. Zhang said in a statement it was "the right time" for him to step down as the firm looks to implement a full spin-off of its advanced cloud computing unit. Hangzhou-based Alibaba is one of China's most prominent technology firms, with business operations spanning cloud computing, e-commerce, logistics, media and entertainment, and artificial intelligence. Following the executive transition, Zhang will continue to serve as chairman...

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