Chinese Internet giant Alibaba announced that Zhang Yong will step down as chairman and CEO in September this year, and Cai Chongxin and Wu Yongming will be taken over.

According to the surging news report, Zhang Yong, chairman and CEO of Alibaba Holding Group, announced on Tuesday (June 20) that through the approved by the board of directors of Alibaba Holdings Group, Zhang Yong will be in September this year.He stepped down as chairman and CEO of the board of directors of Alibaba Holdings Group.Cai Chongxin, Executive Vice Chairman of the Group, will be the chairman of the board of directors of Alibaba Holdings Group and Wu Yongming as the CEO of Alibaba Holdings Group, and continues to be the chairman of Tao Tian Group.

Zhang Yong will serve as the chairman and CEO of Alibaba Cloud Smart Group after his steps down office to focus on the development of Alibaba Cloud and continue to improve the competitiveness and global competitiveness of Alibaba Cloud.Enterprise's digital intellectual upgrade provides better, safe and convenient basic services.

Zhang Yong said in the letter that in the future, Alibaba Holding Group must not only effectively support the development of various business groups, but also become the discoverers and promoters of new technologies.Value increase.Cai Chongxin and Wu Yongming have the corresponding vision, experience, influence, and appeal, which is the best choice to bear the above responsibilities.

For Cai Chongxin and Wu Yongming who are about to take over as chairman and CEO, Zhang Yong said that Cai Chongxin has always played an important role in the birth and development of Alibaba.From the establishment of the company in 1999 to 2013, Cai Chongxin served as the group's CFO and led the company to list in New York in 2014, and then was responsible for strategic investment.His global experience and insight into the macro environment are strong support for Alibaba to further promote internationalization; his full understanding of Alibaba's development process, grasp of strategic directions, and inheritance of culture will help in the future in the future.Ali Group continued to develop.

Zhang Yong continued to say that Wu Yongming has a deep technical background and has served as chief technical officer of many important businesses such as B2B, Taobao, Alipay and other important businesses.The core business of Ali's mother platform, innovating the incubation of mobile phones, Taobao, promoted the group's wirelessization, and has a strong appeal in the company.He has always followed up the global cutting -edge technological trend development over the years, and will further broaden Ali's technical vision and explore the new direction of front -edge technology as the development engine.

Zhang Yong said that Cai Chongxin and Wu Yongming have many years of investment and corporate cultivation experience, and successfully cultivated a large number of unique competitive technological innovation products and enterprises.In the future, Ali Holdings Group will become future innovative incubators to explore, discover, incubate, and cultivate more innovative businesses, and reconstruct the company's development form and imagination space.

Zhang Yong also said that the new business cluster of Ali's 1+6+n has basically taken shape.Innovating the role of the base camp, the entire Alibaba is running towards the future with a new attitude.