On the evening of November 21st, Alibaba Group CEO Wu Yongming released a staff email announcing the establishment of the Alibaba E-commerce Business Group, appointing Jiang Fan to be in charge and reporting to Wu Yongming. The new e-commerce business group will comprehensively integrate Taobao Tmall Group, International Digital Business Group, as well as e-commerce businesses such as 1688 and Xianyu, forming a business cluster covering the entire industry chain at home and abroad.
The establishment of a new e-commerce business group this time is a new thinking and action made by Wu Yongming, as the CEO of Alibaba, on how to make good use of domestic and international resources to form a joint development force in the e-commerce field in the future.
With the rapid progress of the times, 25-year-old Alibaba still needs to adopt an entrepreneurial attitude, constantly innovate, fulfill its mission of serving small and medium-sized enterprises, and continue to create value for society, "Wu Yongming said in an email to all staff. The e-commerce industry in China and around the world is entering a new era, and global supply chain capabilities, fulfillment capabilities, and consumer service capabilities will determine the future competitive landscape. The Alibaba e-commerce business group will integrate all e-commerce resources within the group, stimulate years of accumulated capabilities, serve domestic and global consumers well, and help more small and medium-sized enterprises expand their domestic and overseas markets simultaneously.
In the past year, Taobao, Tmall, and overseas e-commerce have gradually moved towards integration and integration. In July of this year, Taobao launched the "Global Free Shipping Plan for Big Clothing", leading clothing merchants to go global and investing 1 billion yuan to make Hong Kong, China a free shipping area. In September, Taobao also launched English versions in Malaysia and Singapore.
The latest financial report released by Alibaba on November 15th shows that during the 2024 "Double 11" period, Taobao and Tmall GMV experienced strong growth, the number of buyers reached a historical high, and the number of 88VIP members reached 46 million.
With this round of adjustment, Alibaba's development strategy focusing on core businesses has become clearer. Wu Yongming stated that e-commerce and AI technology are the most critical development directions for the group. In terms of AI, we will continue to increase investment, promote a productivity revolution driven by AI, improve AI infrastructure and supporting systems, adhere to open source and continuous investment in AI product research and development in the fields of toB and toC, and seize the opportunities of the AI era