After Zhang Yong stepped down as chairman of Alibaba Cloud and CEO position, Alibaba Group's stock price listed in Hong Kong fell more than 4%on Monday (September 11).
Comprehensive Caixin.com, First Financial, Wall Street Journal, and Reuters reported that Zhang Yong, former chairman of Alibaba's board of directors Zhang Yong Sunday (September 10), stepped down as chairman and CEO of Alibaba Cloud.A spokesman for Alibaba said in a statement that Alibaba's co -founder Wu Yongming replaced Zhang Yong as the chairman and CEO of Alibaba Cloud.
In addition, Wu Yongming officially replaced Zhang Yong as the CEO of Alibaba Group on Sunday, and Cai Chongxin succeeded Zhang Yong as the chairman of Alibaba's board of directors.As a result, Alibaba completed the leadership transfer in accordance with the plan announced in June.
According to Cai Chongxin Sunday (September 10), all the members of the staff, Zhang Yong "will change to one way, continue to fight with us in Ali, and welcome future development."
Cai Chongxin also said in the letter of all members that Alibaba decided to invest 1 billion US dollars (about S $ 1.365 billion) to support Zhang Yong to set up a future -oriented technology fund to assist Ali to build a better scientific and technological layout in the future.Ecological environment.
Alibaba Cloud is China's largest cloud service provider.Alibaba is striving for Alibaba Cloud to go public next spring.In terms of income, Alibaba Cloud is the second largest business of Alibaba, second only to its domestic e -commerce business.
