Alibaba Replaces Dingtalk CEO Chen Hang as Shares Slide 5.9% on AI Strategy Debate
Updated
Updated · Bloomberg · Jun 11
Alibaba Replaces Dingtalk CEO Chen Hang as Shares Slide 5.9% on AI Strategy Debate
1 articles · Updated · Bloomberg · Jun 11
Summary
Chen Hang, Dingtalk’s CEO and co-creator, left his role and will be succeeded by technologist Chen Yusen, according to people familiar with the matter.
The change followed an internal debate over how Dingtalk fits into Alibaba’s broader AI strategy, putting the workplace app at the center of a wider company direction dispute.
Staff were told of the decision in an internal memo, the people said.
Alibaba shares fell as much as 5.9% in Hong Kong trading after the leadership shake-up became known.