| The Chinese tech giant’s chairman and chief executive, Daniel Zhang, will leave his post, Alibaba announced yesterday. Two long-serving executives will take over the top positions, while Zhang will serve only as chief executive of the company’s cloud computing division. |
| The reshuffle comes at a critical time, as the company splits into six units. Alibaba was the highest-profile target of a crackdown by Beijing on the power of China’s biggest tech companies. |
| Joseph Tsai, an Alibaba veteran, will take over as chairman. Eddie Yongming Wu, who like Tsai is an Alibaba co-founder, will become chief executive. |
| “The trusted team, the old guard, is back in control,” said the chairman of an investment advisory firm in Beijing. |
* take over : to begin to do something that someone else was doing
take over as something:
Jane took over as director after Richard retired.
* a high profile: a position or reputation that gets you a lot of attention
* veteran: someone who has a lot of experience doing a particular activity
jazz veteran Dave Brubeck