Alibaba announced that Zhang Yong will step down as chairman and CEO in September
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Today, Alibaba officially released a long article “Running towards the future with a new attitude”. Zhang Yong, chairman and CEO of Alibaba Holding Group, announced through a letter from all employees,He will personally step down as chairman and CEO of Alibaba Holding Group on September 10 this year.
Zhang Yong will then serve as the chairman and CEO of Alibaba Cloud Intelligence Group full-time.Focus on the development of Alibaba Cloud, continuously improve Alibaba Cloud’s industry competitiveness and global competitiveness, and allow Alibaba Cloud to provide better quality, safe and convenient basic services for various industries, especially the digital intelligence upgrade of small and medium-sized enterprises.
At the same time, with the approval of the board of directors of Alibaba Holding Group,Cai Chongxin, executive vice chairman of the group, will serve as chairman of the board of directors of Alibaba Holding Group; Wu Yongming will serve as CEO of Alibaba Holding Group,At the same time, continue to serve as the chairman of Taotian Group.
Zhang Yong, Cai Chongxin and Wu Yongming officially started the handover
The full text of Alibaba’s “Running towards the future with a new attitude”:
Today, Zhang Yong, chairman and CEO of Alibaba Holding Group, announced through a letter from all employees that Ali’s self-reform is progressing smoothly and steadily, and a new business cluster of 1+6+N has basically taken shape. The listing and financing plans of Alibaba have also been launched. The holding group will mainly assume the role of the innovation incubation base. The entire Alibaba is heading towards the future with a new attitude.
Zhang Yong also announced that the complete spin-off of Alibaba Cloud Intelligence Group has started, and it is in the most critical period of upward development, and must devote itself wholeheartedly. At the same time, in order to adapt to future development norms and requirements, it is not suitable for him to serve as the chairman and CEO of the two companies at the same time. With the consent of the board of directors of Alibaba Holding Group, Zhang Yong will step down as chairman and CEO of Alibaba Holding Group on September 10 this year. From then on, Zhang Yong will serve as the chairman and CEO of Alibaba Cloud Intelligence Group full-time, focusing on the development of Alibaba Cloud, continuously improving Alibaba Cloud’s industry competitiveness and global competitiveness, and allowing Alibaba Cloud to provide more digital and intelligent upgrades for various industries, especially small and medium-sized enterprises. High-quality, safe and convenient basic services.
At the same time, with the approval of the board of directors of Alibaba Holding Group, Cai Chongxin, the executive vice chairman of the group, will serve as the chairman of the board of Alibaba Holding Group; Wu Yongming will serve as the CEO of Alibaba Holding Group, while continuing to serve as the chairman of Taotian Group.
In the future, Alibaba Holding Group will not only strongly support and coordinate the development of various business groups, but also become a discoverer and promoter of new technologies, a base for innovative business incubation, and create more value increments. Cai Chongxin and Wu Yongming have the corresponding vision, experience, influence, and appeal, and are the best choices to undertake the above-mentioned responsibilities.
Cai Chongxin is currently the executive vice chairman of Alibaba Group, and has always played an important role in the birth and development of Alibaba. From the establishment of the company in 1999 to 2013, he served as the CFO of the group, and led the company to be listed in New York in 2014, and then took charge of strategic investment. His globalization experience and insight into the macro environment are strong support for Alibaba to further promote internationalization; his full understanding of Alibaba’s development history, grasp of strategic direction, and cultural inheritance will help Alibaba in the future. Ali Group continues to develop.
Wu Yongming has a profound technical background. He has served as the chief technology officer of several important businesses such as B2B, Taobao, and Alipay. He led the construction of the underlying technical architecture of related businesses; Mobile Taobao has promoted the group’s wireless transformation and has a strong appeal within the company. He has been following the development of global cutting-edge technology trends for many years, and will further broaden Ali’s technical vision and explore a new direction with cutting-edge technology as the development engine.
In addition, Cai Chongxin and Wu Yongming have many years of experience in investment and enterprise cultivation, and have successfully cultivated a large number of technologically innovative products and enterprises with unique competitiveness. In the future, Ali Holding Group will become a future-oriented innovation incubator, exploring, discovering, incubating, and cultivating more innovative businesses, and reconstructing the company’s development form and imagination space.
Over the past 24 years, Alibaba has been innovating and iterating in self-reform, adjusting production relations, and maximizing productivity and innovation. And every proactive change facing the future has brought new pulse-like developments to Alibaba. The biggest self-transformation in history, which started in March, is making the entire organization more agile, with shorter decision-making links and faster responses, forcing the entrepreneurial spirit to burst out, and realizing the transformation from one Alibaba to a group of Alibaba, and good generals like clouds To entrepreneurs like clouds.
What changes is the governance system, but what remains the same is the original intention. We hope to create more customer value and social value in the era of digital economy through our own transformation, so that more people can share the dividends of digital economy development and find their own opportunities and value.
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