Zhang claimed the final decision to stage down was element of his individual prepare.
Zhang’s intentions to only aim on cloud now have been some yrs in the making. In an job interview with CNBC in 2018, Zhang explained cloud computing will be the firm’s “key business enterprise” in the long run, underscoring his bullishness regarding the technological know-how.
My fellow Aliren,
Considering the fact that becoming CEO of Alibaba Team in May 2015, it has grow to be my personalized to ship a number of letters to everyone each 12 months. As many of you have appear to count on when acquiring this sort of a letter, it frequently indicators a substantial organizational alter. Right now is no exception. This time, on the other hand, the information I’m sharing consists of an essential own improve.
I am pleased to report that our organizational transformation into the “1+6+N” product has been progressing as prepared considering the fact that we manufactured the announcement. All through our most modern earnings announcement, we released the board of directors for each individual of the six big company teams, and these entities are now all totally operational. We also announced strategies for a series of significant transactions, which include things like Cloud Intelligence Group’s complete spin-off and listing as an impartial organization, IPOs for Cainiao Smart Logistics and Freshippo, and exterior money increasing for AIDC. Alibaba will have a model-new outlook for the foreseeable future.
As anyone is well informed, the advancement of main systems this kind of as cloud computing, huge knowledge and AI will guide to a great transformation of our modern society and is of utmost strategic importance. Cloud Intelligence Group is now total velocity in advance on its spin-off plans and we are approaching a crucial phase of the method, so it is the appropriate time for me to dedicate my full awareness and time to the organization. From a corporate governance point of view, we also want obvious separation among the board and administration crew as Cloud Intelligence Group proceeds down the path to becoming an independent general public business. It would be inappropriate for me to continue serving as Chairman and CEO of equally organizations at the similar time in the course of the spin-off process. Hence, the Alibaba board of administrators has talked about and approved my system to transition from the purpose of Chairman and CEO of Alibaba Group to target exclusively on my part as Chairman and CEO of Cloud Intelligence Team, helpful September 10th 2023. In turn, the Alibaba board of directors has appointed Joseph C. Tsai to realize success me as Chairman and Eddie Yongming Wu to be successful me as Main Government Officer. As co-founders and associates of the organization, Joe and Eddie have created considerable contributions to the firm’s development and possess a wealth of priceless knowledge. I have each self confidence that their leadership will guidebook Alibaba toward new heights.
This change signifies a new stage and new journey, not only for the enterprise but also for me individually. Time flies, and this 12 months marks my 16th yr at Alibaba Team. My appointment as CEO and Chairman of Alibaba Group was outside of my creativity. Remaining in a position to absolutely devote myself to the roles for as very long as I have is certainly because of to the rely on, assistance, encouragement, and persistence I have obtained from anyone. For this, I am endlessly deeply grateful. Due to the historic options that emerged through social development and current market advancement above the earlier 16 years, I experienced the privilege of witnessing the immediate development of Alibaba and participated together with absolutely everyone in so quite a few achievements from inception to maturation that has impacted people’s everyday life, enabled the electronic transformation of organizations, and manufactured positive contributions to modern society. Alongside one another we withstood the issues brought about by the pandemic and weathered the uncertainties of the macro surroundings above the past three many years. As a result of prosperity and adversity, we grew much better, shared unforgettable experiences, and persevered as a result of it all collectively. I am grateful for the friendships and bonds forged throughout this journey that is a lot more useful and significant to me than nearly anything else.
Over the earlier 24 years, we have initiated self-reinvention quite a few times. Now, we are all standing together at a new starting off position, hoping to unlock new development by self-transformation. I know everyone will carry on to support Joe, Eddie, and the new senior management group. I hope everybody will locate the ideal route and platform for on their own. Your self-fulfilment will gain society and the corporation, but extra importantly, hopefuly will aid you learn how to be the best version of oneself. The group at Cloud Intelligence Team and I are also standing on a brand new stage, and we will leverage the electric power of new know-how in cloud computing, big knowledge, and artificial intelligence to provide the digital transformation of enterprises of all dimensions and industries and seize the huge likely introduced about by AI. I am unbelievably eager and thrilled.
My mates, the landscape could evolve, but the mountains stay and the rivers will go on to move. Let us begin a new chapter. When we meet all over again, may perhaps we all be carefree!
Daniel Zhang
Alibaba Group Chairman and CEO
Alibaba Cloud Intelligence Team Chairman and CEO
2023.6.20