- of Alibaba Group Holding Limited baba Wang Jian, the founder of the cloud computing division, is preparing to return with a new title after months of negotiations.
- In 2022, Alibaba CEO Daniel Zhang and others asked Jian to serve as an advisor to Alibaba Cloud, according to a Pan Daily report.
- In 2013, Mr. Wang stepped down as the president of Alibaba Cloud.
- Also read: Analysts say Alibaba is likely to struggle with cloud growth.Need new growth drivers for other businesses
- Wang has played a key role in leading Alibaba Cloud through its difficult launch phase.
- 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.
- After stepping down as president in 2013, Alibaba Cloud became one of the top four cloud providers within a few years.
- The emergence of large-scale AI models presents new growth opportunities for cloud vendors.
- Alibaba Group is in the midst of a restructuring that involves splitting the company into six major groups.
- Price action: BABA shares fell 1.35% before the market to $86.70 at the final check on Friday.
- Photo from Wikimedia Commons
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