Bringing in Joe Tsai, a long-time confidant of founder Jack Ma, to replace Daniel Zhang should help steady the ship for the Chinese internet giant, says Bloomberg Opinion’s Tim Culpan.
three months ago, Chairman and CEO Daniel Zhang was to sit atop the broader holding company while also being head of its struggling cloud division.
. Wu keeps his role as chairman of the domestic e-commerce division Taobao and Tmall Group while Zhang will focus solely on cloud.over the next 18 months. Investors in young startups love a growth story, and Alibaba Group offers that. Putting Tsai, a long-time confidant of founder Jack Ma, in charge should help steady the ship. With each of the spun-off units operating independently, the holding company will have far less to do than in the past.
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