Alibaba's ex-CEO Daniel Zhang quits cloud division in surprise move

Former boss will oversee technology fund as new chief Wu takes over

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Former Alibaba CEO Daniel Zhang's next move will be to a tech fund backed by the Chinese group. © Reuters

CISSY ZHOU, Nikkei staff writer

HONG KONG -- Daniel Zhang, former chief executive of Alibaba Group Holding, has stepped down as the head of the Chinese tech giant's cloud division, less than nine months after taking over the unit, the company said Sunday night.

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