(Hangzhou Comprehensive News) Zhang Yong, chairman of the board of directors and CEO of China Science and Technology Giant Alibaba Group, will step down as the above two positions in September this year, focusing on the Alibaba Cloud Smart Business, which is regarded as huge potential.
Alibaba announced on Tuesday (June 20) that Cai Chongxin, executive vice chairman of the group, will replace Zhang Yong as the chairman of the board of directors. Wu Yongming, chairman of Tao Tian Group, will replace Zhang Yong as CEO. The two appointments will take effect on September 10th.EssenceZhang Yong will continue to serve as chairman and CEO of Alibaba Cloud Smart Group.
Zhang Yong said in the public letter published by Alibaba's WeChat account that Alibaba Cloud Intelligent Group has completely split and is in the most critical period of development. He must devote himself toAlibaba Cloud's chairman and CEO position.
Zhang Yong said that he will be committed to strengthening Alibaba Cloud's market leadership, so that companies in different sizes and industries will obtain cloud computing and artificial intelligence resources with lower thresholds when continuous digital transformation.Alibaba Cloud has been prepared to seize the new opportunities of the emergence of the emergence of artificial intelligence (AI).
Alibaba announced in March this year that the group business will be split into six subsidiaries, including Alibaba Cloud Smart, Taobao Tmall Business, Local Life, Cainiao, International Digital Commercial, Great Entertainment, and each subsidiary can seekIndependent financing and listing.
In May this year, Zhang Yong said in a letter to Alibaba Cloud employees that the Ali Group plans to completely split Yun Smart Group and complete the listing in the next 12 months.Spinning is a new start of Alibaba Cloud's second startup in the future.
Zhang Yong launched the "Double 11" shopping festival with one hand and built it as a world -class consumption feast.He was called "the busiest CEO of China" by the media. For more than ten years, he has lived at the Sheraton Hotel in Xixi, Hangzhou.
Former Alibaba employees and the author of Alibaba's book, Brian Wong, described Alibaba Cloud as "the Pearl of Crown Crown" in an interview with Reuters.The entire group seemed unrealistic. This personnel transfer made Zhang Yong focus on the Yunshen Smart business showing the group's confidence and trust in him, allowing him to carry out the group's most valuable business in this era of artificial intelligence.
Cai Chongxin and Wu Yongming who replaced Zhang Yong were both founders of Alibaba Group.Cai Chongxin joined when Alibaba Group was established in 1999. He has been a member of the board of directors and served as the chief financial officer until 2013. He is currently the executive vice chairman of the board of directors of the group.In the early days of the establishment of the group, Wu Yongming served as the technical director. From September 2014 to September 2019, he served as the special assistant of the Board of Directors of the Group. Since May this year, he has been the chairman of the Taitian Group.
Bloomberg quoted Wen Jie, director of the investment strategy of Kiki Asia Co., Ltd., commented that Cai and Wudu were the co -founders of the company and were close to Ma Yun, which means that Jack Ma is still Alibaba's spiritual leader. "I don't thinkThe changes in management indicate a major strategic change. "
Alibaba's stock price fell 2.4%in the trading before the market on Tuesday.
