Alibaba's outgoing CEO Daniel Zhang quits cloud business in surprise move

Alibaba's outgoing CEO Daniel Zhang quits cloud business in surprise move

FILE PHOTO: 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

China’s Alibaba Group on Sunday announced that Daniel Zhang will step down from its cloud business, in a surprise move just two months after the company said he would leave his roles as group CEO and chairman to focus on the cloud unit.