Alibaba, a major player in the Chinese technology industry, declared on Tuesday that Joseph Tsai would succeed Daniel Zhang as chairman and CEO in September.
In a statement, Zhang said that while the company works to fully spin off its sophisticated cloud computing section, it was “the right time” for him to leave.
Hangzhou-based One of the most well-known technological companies in China is Alibaba, which does business in the fields of cloud computing, e-commerce, logistics, media and entertainment, and artificial intelligence.
