After a major change in Alibaba's history in March, Alibaba now has the biggest personnel change in its 24-year history.。

On June 20, Zhang Yong, Chairman and CEO of Alibaba Holding Group, announced in an internal letter to all employees that in order to devote himself to the full spin-off of Alibaba Cloud Intelligence Group, focus on promoting the cloud intelligence strategy and seize the new opportunities of digital transformation, he has taken the initiative to propose the Chairman and CEO's inheritance plan to the Board of Directors.。

Specifically, with the approval of the Board of Directors of Alibaba Holding Group, Zhang Yong will step down as Chairman and CEO of Alibaba Holding Group on September 10 this year.。After that, Zhang Yong will serve as the full-time chairman and CEO of Alibaba Cloud Intelligence Group, focusing on the development of Alibaba Cloud, continuously improving Alibaba Cloud's industry competitiveness and global competitiveness, and enabling Alibaba Cloud to provide better, safer and more convenient basic services for the digital intelligence upgrade of various industries, especially small and medium-sized enterprises.。

At the same time, with the approval of the board of directors of Alibaba Holding Group, Cai Chongxin, executive vice chairman of the group, will serve as chairman of the board of directors of Alibaba Holding Group; Wu Yongming will serve as CEO of Alibaba Holding Group and continue to serve as chairman of Taotian Group.。

In this regard, Zhang Yong said, in view of the importance of Alibaba Cloud Intelligence Group to promote a full spin-off, now is the right time for the handover, will be the next chairman of the board of directors Cai Chongxin and CEO Wu Yongming in the coming months to work closely to ensure a seamless handover, the future will be committed to strengthening Alibaba Cloud Intelligence Group's market leadership, so that companies of different sizes and industries in the continuous digital transformation, can get cloud computing and。

   

About Cai Chongxin and Wu Yongming

   

According to Alibaba's official public number:

   

Cai Chongxin is currently the Executive Vice Chairman of Ali Group and has always played an important role in the birth and development of Alibaba.。From the company's inception in 1999 until 2013, he served as the CFO of the group and led the company's New York listing in 2014, after which he was responsible for strategic investments.。His globalization experience and insight into the macro environment are a strong support for Alibaba to further promote internationalization; his full understanding of Alibaba's development history, grasp of strategic direction and cultural heritage will help Ali Group's sustainable development in the future.。

Wu Yongming has a deep technical background, has served as the chief technical officer of B2B, Taobao, Alipay and other important businesses, leading the construction of the underlying technical architecture of related businesses; led the creation of the group's core business Ali mother platform, innovation incubation of mobile Taobao to promote the group's wireless, in the company has a strong appeal.。He has been following the development of global cutting-edge technology trends for many years, and will further broaden Ali's technical vision and explore a new direction with cutting-edge technology as the development engine.。

In addition, both Cai Chongxin and Wu Yongming have many years of experience in investment and enterprise cultivation, and have successfully cultivated a large number of uniquely competitive scientific and technological innovation products and enterprises.。In the future, Ali Holding Group will become a future-oriented innovation incubator, exploring, discovering, incubating and cultivating more innovative businesses, and reconstructing the company's development form and imagination space.。

   

A New Attitude Towards the Future of Alibaba

   

After the "1 + 6 + N" reform and the latest personnel changes, Ali's business status is as follows:

   

Taobao Tmall Business Group

   

Taobao Tmall Business Group covers Alibaba's domestic e-commerce markets, which account for more than two-thirds of Alibaba's total revenue。Taobao and Tmall are the dominant e-commerce markets in China.。

Despite the size of Alibaba's e-commerce business, business growth has slowed, reflecting the maturity of China's overall e-commerce industry, as well as the impact of outbreak control, fierce competition from competitors and slowing economic growth.。

After the restructuring, Taobao Tmall Business Group will remain wholly owned by Alibaba Group, although other units will be free to raise funds and go public, the company said.。

In December 2021, when Alibaba restructured its international and local e-commerce businesses, Dai Shan, as a member of Alibaba's founding team, was appointed to lead the domestic e-commerce business.。At present, Dai Shan is currently a director and CEO of Taobao Tmall, and the subsequent post of director will be held by Wu Yongming.。

   

International Digital Commerce Group

   

Alibaba's international digital commerce group includes its overseas e-commerce marketplaces such as Lazada, which serves Southeast Asia, and AliExpress, which is popular in Russia, Latin America and parts of Europe.。

These platforms face fierce local competition in markets outside of China, accounting for only 8% of Alibaba's total sales.。But the business is one of Ali's fastest-growing divisions in recent times.。

The CEO of the International Digital Commerce Group is Jiang Fan, who has led Alibaba's international e-commerce business since December 2021.。Jiang was previously in charge of Taobao and Tmall's business.。

In May, Alibaba said its board had approved the process of initiating external financing for the unit.。

   

Alibaba Cloud Intelligence Group

   

Alibaba's Cloud Intelligence Group includes Alibaba Cloud, the company's cloud computing arm。According to research firm Canalys, the company is the dominant player in China's domestic cloud computing sector, with a 36% market share.。It is also the third largest cloud computing company in the world.。

In addition, the department is also home to Alibaba's chip and artificial intelligence research unit DAMO Academy and the company's workplace messaging app DingTalk.。

In May, Alibaba said it had approved the full divestiture of the cloud intelligence group through the distribution of stock dividends to shareholders, and planned to complete the public listing in the next 12 months.。

After that, Zhang Yong will be the full-time chairman and CEO of Alibaba Cloud Intelligence Group.。

   

Local Living Services Group

   

The segment includes food and grocery delivery services such as Alibaba's Ele.me app and its mapping app, Gaud Maps.。

According to research firms CBNData and Trustdata, Hungry Noodles will account for 27% of China's takeaway market in 2021。Local services now account for only 5% of Alibaba's total revenue。

Currently, the CEO of Ali Local Life Services is Yu Yongfu。In May, Alibaba said grocery company Hema Xiansheng would launch IPO process。

   

Cainiao Wisdom Logistics Group

   

Alibaba established Cainiao in 2013 by investing in several Chinese logistics companies.。The unit is currently a major logistics provider in China, serving Alibaba and third-party customers.。Currently, Cainiao accounts for 7% of Alibaba's total revenue。

The company said Wan Lin will continue as CEO of Cainiao。Last month, the company also said Cainiao would explore an IPO over the next 12-18 months.。

   

Alibaba Big Entertainment Group

   

Alibaba's digital media and entertainment group will own the company's YouTube-like streaming video site Youku, as well as its film production arm Alibaba Pictures。

It is reported that Alibaba Pictures achieved major success in 2019, and its co-production of road trip comedy film "Green Book" won the Oscar for Best Picture.。Currently, the CEO of Alibaba Grand Entertainment Group is Fan Luyuan。