Alibaba prepares for leadership shakeup as CEO moves to focus on cloud

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Alibaba Group is preparing for a leadership shakeup that will see its current CEO and chairman Daniel Zhang relinquish his roles and focus exclusively on the company's cloud business. 

The announcement Tuesday comes just months after the Chinese tech giant in March unveiled a major overhaul of its organizational structure, which split the company into six business entities, including Cloud Intelligence Group and Taobao Tmall Commerce Group. Each entity has its own CEO and board of directors. Zhang was named CEO and chairman of the cloud business, in addition to his roles as overall group CEO and chairman. 

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