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Alibaba Group will embrace artificial intelligence (AI) and promote younger people to senior management, its new CEO says, as the e-commerce and cloud giant tackles its most ambitious restructuring in its history. ....
Key Takeaways: Alibaba said its former Chairman Daniel Zhang will leave his new position as head of its cloud unit to manage a tech fund with a $1 billion contribution from the company The cloud unit is facing a number of challenges, including Beijing’s growing preference for state-run companies to handle sensitive data ....
Questions Hover Over Alibaba Cloud Unit With Chairman's Surprise Resignation (NYSE:BABA) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.