On December 20, Alibaba Group Chairman Cai Chongxin issued a full letter.。The letter mentions that Ali CEO and Tao Tian Group Chairman Wu Yongming will concurrently serve as Tao Tian Group CEO。

On the evening of September 10, Alibaba Group Chairman Cai Chongxin issued a full letter announcing that he had completed the transfer of management positions of the Group as planned on the same day, with him taking over as Chairman of the Group's Board of Directors and Wu Yongming as CEO of the Group.。This means that Alibaba has completed the second institutionalized handover of the company's management positions, and the 1 + 6 + N self-reform launched in March this year is progressing rapidly and smoothly.。

On September 10, Alibaba Group announced that Cai Chongxin took over as chairman of the company's board of directors and Wu Yongming took over as CEO and director of the company.。In addition, Wu Yongming will succeed Zhang Yong as acting chairman and CEO of Alibaba Cloud Intelligence Group.。

On March 28, Zhang Yong, chairman and CEO of Alibaba Group, issued a full letter saying that Alibaba will launch a new round of corporate governance reform, business groups and business companies will set up boards of directors respectively, implement the CEO responsibility system under the leadership of the boards of directors of each business group and business company, and Alibaba Group will move towards the management model of a holding company in an all-round way.。