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.。