On June 20 last year, Alibaba issued an all-staff letter, announcing that Daniel Zhang (nickname: Xiaoyaozi) would step down as chairman of the board and CEO of Alibaba Holding Group on September 10, and Daniel Zhang would focus on the development of Alibaba Cloud and serve as the chairman and CEO of Alibaba Cloud Intelligence Group.
The creator of "Double 11", Ali awarded him the honorary title of "Meritorious Ali Man" for the first time, and announced an investment of 1 billion US dollars to support him in setting up a science and technology fund to assist Alibaba in laying out a future-oriented technology ecosystem.
However, what is surprising is that on the resignation date of September 10, Daniel Zhang resigned from Alibaba Cloud and completely "retired".
Daniel Zhang's 16 years
Daniel Zhang has worked at Alibaba for 16 years.
Daniel Zhang, who was also vice president and CFO of Shanda Networks, met with Jack Ma in Hong Kong in 2007, and a month later, he joined Alibaba as Taobao's chief financial officer.
This year, two major events happened to Alibaba: the parachuting of three executives, including Daniel Zhang, and the successful listing in Hong Kong.
Later, Daniel Zhang can be said to have gone all the way up.
He has served as Chief Executive Officer of Alibaba Group since May 2015 and Chairman of the Board of Directors of Alibaba Group since September 2019. Since December 2022, he has also served as the president of Alibaba Cloud Intelligence, and was directly in charge of DingTalk until his retirement.
The new job of "Xiaoyaozi".
At 11:11 a.m. on March 21, the official of the Morning One Fund announced that Daniel Zhang would join the Morning One Fund and serve as the managing partner together with founder Liu Xiaodan.
There have been many speculations before, how will Daniel Zhang use Ali's $1 billion?
Most people thought he would start his own fund.
Now the dust has settled!
Daniel Zhang, who is 52 years old this year, chose to join a PE agency.
According to the data, Morning One Fund was established in 2019 with a registered capital of 100 million yuan. The investment cases of Chenyi Fund shown on the official website involve pet medical care, biomedicine, semiconductors, power batteries and other fields.
Liu Xiaodan, the founder of Morning One Fund, is known as the "Queen of M&A". The most famous event is that she carried out drastic reforms in Huatai United. Under his helm, Huatai United has quickly risen from an unknown local brokerage firm to one of the top in the industry and a leader in domestic mergers and acquisitions.
And they specially chose to release it at 11:11, which is a very meaningful time, which is also quite interesting.
"Double 11" was planned by Daniel Zhang and his team.
In 2009, Ali created the "Double 11" shopping festival for the first time, and the turnover exceeded 52 million yuan in just one day.
Any way！
From corporate executives to the front line of investment,
Let's wish this new investor a new journey!
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