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According to Alibaba’s official Weibo news, on June 20, Zhang Yong, chairman and CEO of Alibaba Holding Group, announced through a letter from all employees that the complete spin-off of Alibaba Cloud Smart Group has started and is in the most critical period of upward development. put in. 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 past 24 years, we have had such moments of self-reform many times. Now, we are all standing together at a new starting point, starting a new stage of self-reform and opening up a new stage of future development.” Zhang Yong said in a letter to all employees Indicated.
Attachment: Zhang Yong, Chairman and CEO of Alibaba Group, signed a letter to all employees on June 20
Ali people,
Since I became the CEO of Alibaba Group in May 2015, I have always written several letters to you every year. Maybe everyone is used to it. When you read the all-staff letter I sent, you know that there are important changes in the company. Today I am writing to you again, and what I bring to you is an important change about myself.
Since the group’s “1+6+N” organizational reform was announced in March this year, all work is currently progressing smoothly and orderly. We announced the composition of the boards of directors of each business group when we released the financial report for the last quarter. At present, all boards of directors have begun to operate. We also announced multiple plans for various business groups and business units, including the complete spin-off and listing of Cloud Intelligence Group from Alibaba Group, the launch of the listing of Cainiao Group and Hema, and independent financing of overseas digital business groups, etc. The entire Alibaba is heading towards the future with a new attitude.
Everyone knows that the development of core technologies such as cloud computing, big data and artificial intelligence will bring about huge changes to society, and the strategic significance is very important. At present, the complete spin-off of Cloud Intelligence Group has started, and it is at the most critical moment. It is required to devote ourselves to it. At the same time, considering the requirements of the company’s standardized governance during the spin-off process, it is not suitable for me to be the head of the two groups at the same time. Responsibilities of Chairman and Chief Executive Officer. Therefore, the board of directors of Alibaba Group discussed and accepted my request: From September 10, 2023, I will no longer continue to serve as the chairman and CEO of Alibaba Group, and concentrate on being the chairman of Alibaba Cloud Smart Group full-time and CEO job. At the same time, the Board of Directors of Alibaba Group has decided that Joe C. Tsai will succeed me as Chairman of the Board of Alibaba Group, and Eddie Yongming Wu will succeed me as CEO of Alibaba Group. Both of them are the founders and partners of Alibaba. Both have made important contributions to the historical development of Alibaba Group and both have rich experience. I believe that under their leadership, the company can move towards a more brilliant future.
This change is not only for the company, but also for me personally. It is the beginning of another new stage and a new journey. Time flies so fast, this year is my sixteenth year in Ali. Sixteen years of walking together, especially since I took over as the CEO of the Group in 2015 and the Chairman of the Board of Directors of the Group in 2019, it is precisely because of everyone’s trust, support, encouragement and tolerance that I am in this position that I never imagined I have put my heart and soul into it so far, for which I am sincerely grateful and thank you all. In the past 16 years, because of social progress and market development opportunities, I have been honored to witness the historical stage of Alibaba’s rapid development with you, and I have participated in many developments from scratch, from small to large, that have benefited the lives of ordinary people and enterprises. The process of digitalization and the creation of a better society; together with everyone, we have withstood the challenges of the new crown epidemic and the various tests brought about by changes in the external environment in the past three years. No matter good times or bad times, we not only grow together, experience together, and survive together, but also gain many friendships and friendships that are more precious than careers.
Over the past 24 years, we have had many such moments of self-transformation. Today, we are all standing at a new starting point together, opening a new stage of development through self-reform and opening up the future. I believe that everyone will support the work of the new group of senior students such as Joe and Wu Yongming. Everyone can find their own stage and career, and ultimately contribute to society, the company, and themselves. I will also stand on a brand new stage with the students of cloud intelligence, and explore the use of new technologies of cloud computing, big data, and artificial intelligence to serve the huge prospects of digitization and intelligence in thousands of industries. Full of longing and anticipation.
The green mountains will not change, and the green water will flow forever, creating a new river and lake, and we will meet again, Ren Xiaoyao!
Zhang Yong (Xiaoyaozi)
Chairman and CEO of Alibaba Group
Chairman and CEO of Alibaba Cloud Intelligence Group
June 20, 2023
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