Alibaba is experiencing a major adjustment again.
On December 20th, Alibaba announced that Wu Yongming, CEO of Alibaba Group and Chairman of Taotian Group, will also serve as CEO of Taotian Group. Dai Shan, former CEO of Taotian Group, will assist in the establishment of Alibaba Group Asset Management Company.
From then on, Wu Yongming concurrently held three CEO positions: Alibaba Group, Taotian Group, and Alibaba Cloud Intelligent Group.
Alibaba Group Chairman Cai Chongxin announced the appointment through a letter from all members. He wrote in the letter, "A brand new era requires a new strategic and organizational system transformation. Facing the past, facing the future, and changing oneself, I believe that Alibaba, which has undergone this round of transformation, will complete its transformation."
In November, at Alibaba's quarterly performance conference call, Wu Yongming first disclosed a new strategic plan to the outside world, clarifying Alibaba's important priorities for the next decade in three directions: technology driven internet platform business, AI driven technology business, and globalized business network.
Wu Yongming announced that for its core business, Alibaba Group will maintain long-term focus and high-intensity resources and research and development investment. At the same time, each business unit will be independent and market-oriented. (End)