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China Fund News reporter Yi Shan
On the morning of November 8th, in response to recent rumors on the internet that "Zheng Junfang will gradually retire and step down as the Chief Risk Officer and Chief Financial Officer of Cloud Intelligence Group", Alibaba Cloud issued an official statement denying it, stating that the content was purely fabricated and reserves the right to pursue legal responsibility.
Alibaba Cloud voice refutation

Recently, a self media article announced that Alibaba Cloud General Manager Zheng Junfang will step down, pointing out that "Alibaba Cloud's management changes are still ongoing, and Zheng Junfang, who is known as the 'mentor' within Alibaba, will step down as the Executive Director and General Manager of Alibaba Cloud Computing Co., Ltd." and "Zheng Junfang may gradually retire in the future and step down as the Chief Risk Officer and Chief Financial Officer of Cloud Intelligence Group, no longer specifically responsible for business".
It is understood that Zheng Junfang, who has a background in auditing and finance, has long been responsible for Alibaba platform governance and risk control matters. In September of this year, Alibaba Cloud underwent a business change, with Cai Yinghua stepping down as the legal representative, chairman and general manager, Jiang Fang and Xu Hong stepping down as directors, Feng Yunle stepping down as supervisor, and Zheng Junfang being added as the legal representative, executive director and general manager.
In response, Alibaba Cloud's official Weibo account released a statement on the morning of November 8th, stating that an article titled "Alibaba's" Teacher "Zheng Junfang will resign as Alibaba Cloud's Executive Director and General Manager" was published by self media. The content of the article was purely fabricated and seriously untrue. Alibaba Cloud reserves the right to pursue legal responsibility for relevant self media.
In fact, since the end of 2022, Alibaba Cloud has undergone two changes in its executive management and 1+6+N architecture adjustments for the Alibaba Group.
At the end of last year, Zhang Yong, Chairman and CEO of Alibaba's Board of Directors, issued a full staff letter stating that in terms of personnel changes, Zhang Yong will also serve as the President of Alibaba Cloud Intelligence, while Zhang Jianfeng will no longer serve as the President of Alibaba Cloud Intelligence and will be transferred to take charge of the Dharma Institute.
In March of this year, Alibaba launched a 1+6+N organizational restructuring, establishing six major business groups and multiple business companies, including Cloud Intelligence Group, Taotian Group, Local Life Group, Alibaba International Digital Business Group, Cainiao Group, and Da Wen Yu Group. Among them, Zhang Yong served as the Chairman and CEO of Cloud Intelligence Group.
On May 18th, Zhang Yong stated in a letter from all staff that he would complete the Alibaba Cloud spin off and independent listing in the next 12 months, forming a new company completely independent of Alibaba Group in terms of equity and corporate governance. Meanwhile, Alibaba Cloud Intelligent Group will introduce external strategic investors. But in September, Zhang Yong once again stepped down as Chairman and CEO of Alibaba Cloud Intelligent Group, and was succeeded by Wu Yongming, which surprised the industry.
However, regarding Alibaba's listing plan, at that time, Alibaba Group had stated that it would continue to implement the previously announced plan to spin off Alibaba Cloud Intelligent Group and appoint a management team for it.
On the other hand, from the product level, recently, Alibaba Cloud officially released the Tongyi Qianwen 2.0 with a scale of 100 billion parameters at the 2023 Yunqi Conference, becoming the third big model to announce surpassing GPT3.5 after ERNIE Bot and iFLYTEK.
It is reported that Alibaba Cloud not only achieves the open source of Tongyi Qianwen, but also provides computing power support for 80% of technology enterprises and half of large model companies in the country.
Alibaba Group Chairman Cai Chongxin recently stated that over the past decade, Alibaba Cloud has served the great development of China's mobile internet and the digital process of Chinese enterprises. With the rapid development of large model technology, the era of intelligence is beginning, and artificial intelligence will become a new type of productivity in various industries, which also puts forward higher requirements for computing power.
In the future, Alibaba will continue to increase its research and development investment in Alibaba Cloud, allowing all industries and developers to use this state-of-the-art cloud computing technology. "We hope to become the most open cloud in the AI era. Let's make it easier and cheaper for everyone to develop and use AI
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