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Daniel Zhang will step down from his roles as Alibaba Group Holding Ltd.’s chairman and CEO. Photo: VCG

Daniel Zhang will step down from his roles as Alibaba Group Holding Ltd.’s chairman and CEO. Photo: VCG

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Alibaba chief Daniel Zhang to step down in surprise management shake-up

Daniel Zhang will step down from his roles as Alibaba Group Holding Ltd.’s chairman and CEO, the Chinese e-commerce major announced Tuesday, in a surprise personnel reshuffle that comes as the company pushes ahead with a restructuring plan that aims to revive growth.

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