On March 1st, Red Star Capital Bureau reported that according to Caixin, Alibaba Group CEO Wu Yongming issued an internal letter to all employees of Local Life Group (Gaode, Ele.me), announcing that Yu Yongfu, Chairman and CEO of Local Life Group, will step down from his management position at the end of Alibaba's fiscal year (March 31st). The two major businesses of the local lifestyle group, Ele.me and Gaode, will respectively set up a chairman and CEO. Yu Yongfu remains a partner at Alibaba. Next, he will explore more internationalization through investment based on eWTP funds, while providing more strategic support for the business.