Alibaba canceled the cloud business spin -off plan worth $ 11 billion (S $ 14.7 billion), it was reported that it was a thorough reform of management to try to set up an artificial intelligence boom.
Bloomberg News Friday (November 24) quoted people familiar with the matter that Alibaba has appointed three new executives to be responsible for the main business line of Alibaba Cloud Smart Group, and two of them directly reported to CEO Wu Yongming;The key department of Alibaba Cloud -the public cloud that provides cloud services to Chinese enterprise customers will be led by Liu Weiguang.
People familiar with the matter said that the other two new executives will be responsible for smaller hybrid cloud business and cloud infrastructure departments.According to reports, these three executives are veterans in the cloud business industry, and will share most of the share of the Chinese market.
Alibaba announced on Thursday (November 16) that due to the U.S.'s restrictions on artificial intelligence (AI) application chip exports, it caused uncertainty, and decided to cancel the spin -off plan for its Cloud Smart Group.
The Yunbard Gate, as the core of the Alibaba artificial intelligence plan, the news of the strategic U turning of the stranded overlay box of the spin -off plan, once made the market value of Alibaba Group evaporate nearly $ 20 billion.
Bloomberg analyzed that changes in Alibaba Cloud's leadership are unlikely to change the prospects of the cloud computing industry will soon be led by state -owned enterprises or government cooperative enterprises.In the first half of this year, Tencent and Alibaba's share in the cloud business market had lost to Huawei and the three Chinese state -owned telecommunications operators, reflecting that the Chinese government has increased its participation in the cloud computing industry, and it is expected that this trend will continue until 2024Year.Before that, Ali Group's strategic choice was quite limited.
