A person familiar with the matter revealed that the Alibaba Group intends to close 2018 in 2018Luo Hantang, a social science research institution for the initiative.

Hong Kong South China Morning Post on Saturday (October 7) quoted the above news.

It is reported that Alibaba Group's decision to close Luo Hantang has not been announced, and it has nothing to do with the group's business.People familiar with the matter said that some operations of Luo Hantang still retained in the group operation, including environmental, social and management research teams.

Alibaba announced in May this year that it will spin the group into six independent companies to fully implement the management of the holding company, that is, under the Alibaba Group, the establishment of Alibaba Cloud Smart and Taobao Tmall Commercial, Local Life, Cainiao, International Digital Commercial, Great Entertainment and other six major business groups.The rookie of the logistics business group plans to go public in Hong Kong to raise funds at least 1 billion US dollars (about 1.4 billion yuan).

It is reported that as part of the reorganization, the group's resources and manpower will be assigned to the front line business.

Wu Yongming, the new CEO of Alibaba Group, emphasized two points in the open letter to all employees in September, that is, the priority of user needs is higher than all, and the business scenarios of Ali have become artificial intelligence (AI) Technology application field.

People familiar with the matter said that the research projects funded by Luo Hansang include data governance and privacy protection, and measure the new economy and future finance.Luo Hantang was running in the model of academic institutions and failed to create revenue.

According to reports, Luo Hantang proposed the support of Ma Yun, the founder of Alibaba, who was the chairman of the group when it was established.Ma Yun said at the time that the establishment of Luo Hantang was the group's social responsibility to respond to the impact of science and technology on social, so he hoped that Luo Hantang would last for 300 years.

According to the official website of Luo Hantang, Luo Hantang was established in Hangzhou on June 26, 2018. It is an open -scale research institution initiated by Alibaba and the world's top scholars in the field of social sciences.The first batch of academic committees of Luo Hantang were mainly economists, including seven Nobel Prize winners.

Luo Hantang will work with more global social scientists and practitioners to study the impact of digital technology on economy and society, deeply understand and actively participate in this change.Luo Hantang's research serving the whole society, dealing with the most important global challenges, and focusing on the long -term development of human society.