Alibaba Chief Takes Charge Of Alibaba Cloud Following Recent Outage - Alibaba Gr Holding (NYSE:BABA)

Alibaba Group Holding Limited (NYSE: BABA) made a few major organizational reshuffling at Alibaba Cloud per Jack Ma's policy to ensure the company always stays agile in the fast-changing internet space.
Jeff Zhang, former president of Alibaba Cloud Intelligence, departed while Alibaba's CEO Daniel Zhang became the acting president, TechCrunch reports.
Alibaba Cloud is the third-largest public cloud infrastructure provider after Amazon.com Inc AMZN AWS, and Microsoft Corp MSFT.
The CEO also took charge of DingTalk, Alibaba's enterprise communication app that worked closely with the cloud unit.
Just under two weeks back, Alibaba Cloud's Hong Kong servers suffered a severe outage that shut down many regional services, including significant crypto exchange OKX.
Jeff will focus his attention on Alibaba's primary research institute Damo Academy.
Jeff was instrumental in designing the system infrastructure for Taobao, one of the biggest online marketplaces.
At Damo, he will continue to be in charge of IoT initiatives and Alibaba's proprietary chip development team T-Head, which assumed new importance since U.S. sanctions on China.
The cloud arm battled sluggish growth in recent quarters as its crucial sources of overseas income took a hit.
With rising geopolitical tensions, Chinese internet firms expanding abroad turned to foreign providers like AWS.
Alibaba Cloud reportedly took a big hit after TikTok moved its data off its service.
Domestically, Tencent Holding Ltd TCEHY appeared as a big rival. Huawei and Tianyi, the cloud offshoot of state telecom giant China Telecom got a headstart in supporting government and public infrastructure.
Price Action: BABA shares traded higher by 0.63% at $87.75 in the premarket on the last check Thursday.
Photo by Fooksou Lamimo via Wikimedia Commons

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