Daniel Zhang, the former CEO of Alibaba, has stepped down from his position in the tech giant’s cloud division, in a move that has shocked industry leaders. The 51-one-year-old had taken charge of the cloud division just months ago. Since the announcement by Alibaba, the component stock dropped 3 per cent on Monday in Hong Kong. “The board of our company expresses its deepest appreciation to Mr Zhang for his contributions to Alibaba Group over the past 16 years,” Alibaba said in a statement. Eddie Yongming Wu will succeed Mr Zhang as the acting chairman and CEO of its cloud unit, according to the statement. Nearly three months ago, Mr Zhang quit as company chief and said that he wanted to take care of the spin-off of its cloud business. Now, as Alibaba announced his exit from the cloud division amid the biggest-ever restructuring of the company, Mr Zhang’s exit has come as a surprise to analysts. “We were surprised by the announcement,” Citi analysts wrote on Monday. “Mr Zhang may have wanted to step back from the public spotlight, in our view,” they added, according to CNN. The cloud division is currently estimated to be worth $41bn - $60bn. However, analysts said the reams of data it oversees puts it at risk of facing regulatory scrutiny from both domestic and international regulators. Alibaba split into six business groups – including cloud, e-commerce, logistics, media and entertainment – in March in a major restructuring. “Daniel has expressed his wish to transition away from his role as chairman and CEO of Cloud Intelligence Group,” Alibaba said in the letter. “Following careful consideration, the Alibaba board respected and accepted Daniel’s decision and appointed Eddie as acting chairman and CEO of Cloud Intelligence Group, effectively immediately.” Citi analyst Alicia Yap was quoted as saying by CNBC on Monday that “investors may be concerned that the timing and process of AliCloud’s spin-off may be affected”. She added that Citi will continue to monitor developments and that they are awaiting any new announcements. CNN reported that in an internal letter to employees, Joseph C Tsai, chairman of Alibaba Group, said that he and Mr Wu are looking forward to embracing “the next phase” of Alibaba’s development. “This past March, we embarked on our most ambitious reorganisation in Alibaba’s 24-year history – “1+6+N” – in order to position the company for the future,” he wrote on Sunday, referring to the company’s organisational structure after the restructuring – 1 holding company, six business groups and various businesses. “Under Daniel’s and our team’s dedicated efforts, the reorganisation is making steady progress while our business continues to grow.” Read More Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle Chinese e-commerce giant Alibaba says it will not sell shares in Ant's buyback program Chinese livestreamers set their sights on TikTok sales to shoppers in the US and Europe How Google reshaped the world – and is about to do it all over again Update your iPhone immediately The new iPhone could be the most expensive ever by far

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It feels like every time black holes are discussed and studied by the scientific community, there are new findings that blow our tiny minds. It’s been revealed that black holes actually regurgitate or “burp up” the stars that they eat years after the event. Experts made the discovery by studying tidal disruption events (TDEs). These events take place when stars are close enough to supermassive black holes, to be destroyed by the process of spaghettification. Studying these moments over a number of years after the black holes seemingly swallowing stars with no trace, the experts found that up to 50 per cent of them "burp up" the remains. Yvette Cendes is a research associate at the Havard and Smithsonian Center for Astrophysics and head author on the study. Speaking to Live Science, she said: "If you look years later, a very, very large fraction of these black holes that don’t have radio emission at these early times will actually suddenly 'turn on' in radio waves. "I call it a 'burp' because we’re having some sort of delay where this material is not coming out of the accretion disk until much later than people were anticipating." The material was re-emitted between two and six years from 10 out of 24 black holes which were studied by Cendes and the team. It has the potential to change the way the scientific community thinks about black holes. "There was a second peak, the two black holes re-brightened, and that's completely new and unexpected," Cendes said. "People were thinking that you'd have one outflow, and then it's kind of done. So this observation means these black holes can 'turn on' and then 'turn on' again." Meanwhile, a low intergalactic grumbling is emanating from deep space, according to scientists – and again, it’s black holes that are providing us with new discoveries. Astronomers say they detected the first-of-their-kind low frequency ripples, described as a “cosmic bass note” of gravitational waves, which is thought to be caused by supermassive black holes merging across the universe. Sign up for our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings

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