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Alibaba Group shakes up leadership, shares CEO succession plan

Jack Ma’s sprawling conglomerate Alibaba just announced it is splitting into six entities, which is the largest restructuring in its 24-year history. Image credit: Shutterstock In a new position as CEO and chairman, Mr. Zhang will helm Alibaba Cloud Intelligence Group exclusively. Image credit: Shutterstock

 

Chinese business executive Daniel Zhang, CEO of ecommerce giant Alibaba, is resigning from his post to head the group's intelligence arm.