Alibaba can advance in 2023, says CEO, after China's COVID U-turn

Daniel Zhang takes greater control of tech group's important cloud business

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Alibaba CEO Daniel Zhang has struck a cautiously optimistic tone in his outlook for the company in 2023.  © Reuters

CISSY ZHOU, Nikkei staff writer

HONG KONG -- Alibaba Group Holding can "advance" in 2023, Chairman and CEO Daniel Zhang told staff Thursday, suggesting the Chinese company hopes to move on from a period of turmoil caused by Beijing's crackdown on the tech sector.

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