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Jones077

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Jones077

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Monday, 09/11/2023 5:48:51 AM

Monday, September 11, 2023 5:48:51 AM

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Alibaba Group Holding's former CEO, Daniel Zhang Yong, is stepping down as head of the company's cloud division. Eddie Wu Yongming will continue as acting chairman and CEO of Alibaba Cloud Intelligence Group. Alibaba plans to invest $1 billion in a technology fund established by Zhang, supporting future growth and technology ecosystem development.
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