{"id":85838,"date":"2023-09-11T01:24:50","date_gmt":"2023-09-11T05:24:50","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=85838"},"modified":"2023-09-11T01:12:25","modified_gmt":"2023-09-11T05:12:25","slug":"shares-of-alibaba-tumble-over-3-after-outgoing-ceo-unexpectedly-quits-cloud-business","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2023\/shares-of-alibaba-tumble-over-3-after-outgoing-ceo-unexpectedly-quits-cloud-business.html","title":{"rendered":"Shares of Alibaba tumble over 3% after outgoing CEO unexpectedly quits cloud business"},"content":{"rendered":"\n<p>(CNBC) Shares of Chinese tech giant <a href=\"https:\/\/www.cnbc.com\/quotes\/BABA\/\">Alibaba<\/a> fell 3.5% on Monday, after the company said in a surprise move that <a rel=\"noreferrer noopener\" href=\"https:\/\/www1.hkexnews.hk\/listedco\/listconews\/sehk\/2023\/0911\/2023091100027.pdf\" target=\"_blank\">outgoing CEO Daniel Zhang will also be stepping down<\/a> as chairman and CEO of its cloud business. The move comes months after Alibaba said in June that <a href=\"https:\/\/www.cnbc.com\/2023\/06\/20\/alibaba-announces-eddie-wu-to-succeed-daniel-zhang-as-ceo.html?__source=twitter%7Ctech&amp;taid=6491370fec6e3a0001e0fef1&amp;utm_campaign=trueanthem&amp;utm_medium=social&amp;utm_source=twitter\">Zhang was departing as chairman and CEO<\/a> of Alibaba Group to focus on the cloud intelligence unit<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/09\/11\/alibaba-shares-tumble-after-daniel-zhang-unexpectedly-quits-cloud-business-.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Shares of Chinese tech giant Alibaba fell 3.5% on Monday, after the company said in a surprise move that outgoing CEO Daniel Zhang will also be stepping down as chairman and CEO of its cloud business. The move comes [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85838","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=85838"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85838\/revisions"}],"predecessor-version":[{"id":85839,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85838\/revisions\/85839"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=85838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=85838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=85838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}