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of Alibaba Group Holding Limited (NYSE:BABA) Cloud computing division founder Wang Jian is preparing to return with a new title after months of negotiations.
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In 2022, Alibaba CEO Daniel Zhang and others asked Jian to serve as an advisor to Alibaba Cloud, according to a Pan Daily report.
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In 2013, Mr. Wang stepped down as the president of Alibaba Cloud.
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Also read: Analysts say Alibaba is likely to struggle with cloud growth.Need new growth drivers for other businesses
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Wang has played a key role in leading Alibaba Cloud through its difficult launch phase.
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Alibaba founder Jack Ma has committed 1 billion yuan ($143 million) a year to the company for 10 years. During this period, Mr. Wang led the technology research and development of his Alibaba Cloud.
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After stepping down as president in 2013, Alibaba Cloud became one of the top four cloud providers within a few years.
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The emergence of large-scale AI models presents new growth opportunities for cloud vendors.
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Alibaba Group is in the midst of a restructuring that involves splitting the company into six major groups.
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Price action: BABA shares fell 1.35% before the market to $86.70 at the final check on Friday.
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Photo from Wikimedia Commons
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This article “Back To Basics: Alibaba Brings Back Its Cloud Unit Founder In Latest Revamp” originally appeared on Benzinga.com
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