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Companies

Alibaba's incoming chairman puts data at heart of business

Investor day webcast abruptly cut off during remarks by founder Jack Ma

Daniel Zhang, Alibaba chief executive and Jack Ma's successor, said the company will focus on data collection. (Photo from Nov. 11, 2017).    © Reuters

HONG KONG -- Alibaba Group Holding will revolutionize its way of doing business by focusing on data collection, chairman-in-waiting Daniel Zhang Yong told investors Tuesday as the future of China's most valuable company comes under the spotlight following the announcement of a leadership transition.

"How are we going to make it easy for others to do business? The answer is data and data technology," Zhang said at an investor day event in its headquarters in eastern city of Hangzhou, where live broadcast was available through webcast.

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