Alibaba shares lower as CEO Daniel Zhang opts to leave China tech giant

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The Street

By Martin Baccardax Alibaba Group Holding (BABA) – Get Free Report shares edged modestly lower in pre-market trading after CEO Daniel Zhang, who was set to run the China-based tech giant’s cloud division, abruptly resigned from his role over the weekend. Zhang, 51, served as both CEO and chairman of the group, Asia’s most-valuable tech company, from 2015 until earlier this year when it unveiled plans to split into six separate companies that would eventually list as individual entities. His roles as chairman and CEO were split between Joseph Tsai and Eddie Wu — two close associates of billion…

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