Daniel Zhang, chairman and chief executive officer Alibaba Group, said the company’s financial year from April 2021 to March 2022 was impacted by the uncertainties around Covid, “new expectations” on China’s internet sector and the “high frequency” of international geopolitical conflicts.

Wang Zhao | AFP | Getty Images

Alibaba Group said on Sunday that Daniel Zhang will step down as chairman and chief
executive officer of its cloud business.

Zhang had previously been concurrently serving in three roles, heading the group as well as its cloud unit.

He handed over the role of the group’s CEO to Eddie Wu on Sunday, who will
also take charge of the cloud unit after Zhang’s departure.

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