By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: Alibaba’s Former CEO, Daniel Zhang, Steps Down $BABA
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Asia > ASEAN > Alibaba’s Former CEO, Daniel Zhang, Steps Down $BABA
2023

Alibaba’s Former CEO, Daniel Zhang, Steps Down $BABA

John Heffernan
Last updated: September 11, 2023 10:07 am
John Heffernan
Share
4 Min Read
230911155055 daniel zhang yong
SHARE

Daniel Zhang, the former CEO of Alibaba Group Holding Ltd., has stepped down from his role as chairman of the company’s cloud computing unit, Alibaba Cloud Intelligence. The move comes as the Chinese e-commerce giant is facing increasing scrutiny from regulators.

Contents
What does Zhang’s resignation mean for Alibaba?What does this mean for the cloud computing market?What are the implications for investors?What’s next for Alibaba?

Zhang’s resignation was announced in a statement by Alibaba. The company said that Zhang had decided to step down to focus on other priorities.

Alibaba Cloud Intelligence is one of the largest cloud computing providers in the world. The unit has been growing rapidly in recent years, but it has also been under increasing scrutiny from Chinese regulators.

In April, the Chinese government imposed its largest-ever fine of 18.2 billion yuan (US$2.8 billion) on Alibaba Cloud for antitrust violations.

The regulatory scrutiny has weighed on Alibaba’s stock price. The company’s shares have fallen by more than 50% since the beginning of the year.

What does Zhang’s resignation mean for Alibaba?

Zhang’s resignation is a sign of the challenges that Alibaba is facing. The company is under pressure from regulators to comply with new rules, and it is also facing competition from other Chinese tech giants.

Alibaba Cloud is still a major growth driver for the company, but it is unclear how the regulatory scrutiny will affect its business. The company has declared its commitment to law compliance, but it remains unclear how it plans to achieve this without hindering its growth.

The resignation of Zhang is a setback for Alibaba, but it is not the end of the company. Alibaba is still a major player in the Chinese e-commerce market, and it has a strong track record of innovation. The company will need to navigate the regulatory challenges, but it is still well-positioned for long-term growth.

What does this mean for the cloud computing market?

The resignation of Zhang is a blow to the cloud computing market in China. Alibaba Cloud is one of the leading players in the market, and its departure could create opportunities for other providers.

However, it is also possible that the regulatory scrutiny of Alibaba Cloud will have a chilling effect on the entire cloud computing market in China. Companies may be less willing to invest in the cloud if they are worried about being fined by regulators.

What are the implications for investors?

The resignation of Zhang is a negative development for Alibaba investors. The company is facing increasing challenges, and it is unclear how it will navigate them.

Investors should carefully monitor the situation and consider selling their shares if they are not comfortable with the risks.

What’s next for Alibaba?

Alibaba will need to find a new chairman for its cloud computing unit. The company will also need to address the regulatory challenges that it is facing.

It is too early to say what the long-term impact of Zhang’s resignation will be. However, it is clear that Alibaba is facing a difficult period.

You Might Also Like

Quo Vadis : Are you happy?

Pharrell’s Spring/Summer 2026 Louis Vuitton Menswear Collection: Another Massive Miss

Detailed History of Iran Israel Wars and Ceasefires

Iran Strikes U.S. Bases in Qatar and Iraq

Understanding the Dow Jones Industrial Average

TAGGED:#China#Stocksalibaba

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By John Heffernan
Follow:
John Heffernan is a BSc Economist with Honors. Currently working as an Analyst at KXCO, and has contributed on equities and Crypto at Live Trading News.
Previous Article 3. Laurence Graff and the Graff Lesedi La Rona Laurence Graff The Legend
Next Article amazon irobot EU Antitrust Regulators Seek More Clarity on Amazon-iRobot Deal


Latest News

Riyadh Skyline 1 scaled 1
Saudi Arabia’s Digital Revolution
Blockchain for Government Headline News Knightsbridge Insights Opinion Saudi Arabia Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments June 23, 2025
image 36
De-Dollarization Is Inevitable
America Gold Headline News Most Popular Must Read Opinion Politics Shayne Heffernan USD June 21, 2025
c0502f16 1b2b 4f96 8fe6 6f4ab5e5f43f
US Bombs Iran: Escalation and Implications
Bitcoin Gold Headline News Shayne Heffernan Shayne Heffernan on Investments Todays Trade Ideas USD June 21, 2025
GuAZEmrXcAAE9Mx
USA Bombs Iran
America Gold Headline News Middle East Opinion Politics Shayne Heffernan Shayne Heffernan June 21, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?