When Alibaba Group said in June that its CEO and chair Daniel Zhang would step down from those positions effective Sept. 10, the Chinese e-commerce giant said Zhang would continue to serve as the head of the company’s important cloud intelligence unit. But now, Zhang has decided to also step down as the cloud business chief in an unexpected move. On Sunday, Alibaba cofounder Joe Tsai announced...
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Europe Has Figured Out How to Tame Big Tech. Can the U.S. Learn Its Tricks?
Late last month in Belgium, Sen. Elizabeth Warren (D-Mass.) had a pressing question for Paul Tang, a Dutch politician and member of the European Parliament. How had they done it, she asked him. How had the EU managed to bring big tech to heel? The liberal Massachusetts senator, alongside Sen. Richard Blumenthal (D-Conn.), had stopped off in Brussels on August 25 to speak with European...
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