This article only represents the author's own views.
E-commerce giant Alibaba Group Holding Ltd. (BABA.US, 9988.HK) has had to navigate some extremely turbulent skies these last few years, marked by government clampdowns, a pandemic, a building economic slowdown and some major new competition. Now it will have to do so without its longtime pilot Daniel Zhang.
The company announced on Sunday that Zhang, whose previously announced departure as Alibaba’s chairman and CEO occurred that same day, would also leave his newer job as head of the company’s cloud division. He will retain his ties to Alibaba by heading a tech fund with a $1 billion contribution from his former employer.
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