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The Hong Kong-listed shares of China's Alibaba Group fell more than 4% on Monday after the surprise departure of former CEO Daniel Zhang from the technology giant's cloud computing business. Alibaba announced Zhang's decision to depart the unit in an internal letter to staff seen by Reuters, with co-founder Eddie Wu becoming the unit's acting CEO and chairman. Zhang also handed over the role of group CEO to Wu on Sunday as scheduled. ....
Alibaba shares slide 4% after former CEO quits cloud unit reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Hong Kong shares of Alibaba Group were set to open up 5.5% on Monday after China fined its affiliate, Ant Group, $984 million for violating laws and regulations, fuelling hopes that a. ....