Alibaba says Daniel Zhang techniques down from cloud business

Daniel Zhang, chairman and main government officer Alibaba Team, reported the firm’s economic calendar year from April 2021 to March 2022 was impacted by the uncertainties all-around Covid, “new anticipations” on China’s net sector and the “higher frequency” of international geopolitical conflicts.

Wang Zhao | AFP | Getty Visuals

Alibaba Group reported on Sunday that Daniel Zhang will phase down as chairman and main
govt officer of its cloud enterprise.

Zhang experienced earlier been concurrently serving in 3 roles, heading the team as very well as its cloud unit.

He handed in excess of the job of the group’s CEO to Eddie Wu on Sunday, who will
also acquire cost of the cloud device soon after Zhang’s departure.

Resource

World

Global week ahead: Bull markets, bubbles and ‘Swiftonomics’

October 5, 2025

Siegfried Layda | Getty Images “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness,” Charles Dickens famously wrote. That aptly captures the dislocation between political events and market action as we go into the next week. The U.S. government shutdown […]

World

Netanyahu hopes to announce the release of all hostages from Gaza ‘in the coming days’

October 4, 2025

Israeli Prime Minister Benjamin Netanyahu speaks during a joint press conference with U.S. President Donald Trump (not pictured) in the State Dining Room at the White House in Washington, D.C., U.S., Sept. 29, 2025. Jonathan Ernst | Reuters Israeli Prime Minister Benjamin Netanyahu said he hopes to announce the release of all hostages from Gaza […]

World

The bubble in people searching for ‘AI bubble’ has burst — what that means for the stocks

October 4, 2025

Retail investors’ fear of an “AI bubble” appears to have fallen off after spiking this summer. It could mean the stocks have further to balloon before they ultimately top out. The number of U.S. and worldwide web searches for the term “AI bubble” peaked on Aug. 20 and Aug. 21, respectively, according to Google Trends […]