Alibaba's Daniel Zhang to focus on cloud business ahead of expected spinoff

Alibaba's Daniel Zhang to focus on cloud business ahead of expected spinoff

Alibaba Group CEO Daniel Zhang (Zhang Yong) speaks at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Song/FILE PHOTO

Alibaba Group on Tuesday said its CEO and chairman Daniel Zhang will step down from the roles to focus on its cloud division as the Chinese e-commerce giant moves ahead with a plan to split into six business units.