Ali announces new round of structural adjustment: focus on advancing three strategies

On the afternoon of December 19th, Alibaba announced a new round of future-oriented upgrades to focus on advancing the three strategies of globalization, domestic demand, big data and cloud computing. On the morning of the 19th, Alibaba Group Chairman and CEO Zhang Yong and Ant Financial Group Chairman Jing Xiandong sent out a full letter. ‘Alibaba’s traditional habit is to change the way for the future at the best of times, ‘ Mr. Zhang said in the letter.

Ali announces new round of structural adjustment: focus on advancing three strategies

Globalization, domestic demand, big data and cloud computing are the three strategies for the future of Ali’s digital economy, he said. “The basic requirement for us is that in our digital economy, through business, culture, technology, through talent, and organizational security. ”

In 2020, China is expected to become the world’s largest consumer market, the double upgrading of industry and consumption will bring great opportunities, new consumption has become the release of demand-side potential, promote the supply-side transformation of one of the important grasping hands. In order to grasp the changes in the new consumer era, Taobao, Tmall and Ali Mom will work together to promote innovation under the unified strategy of user products and commercial products, while Ali Mom’s advertising business will continue to optimize and upgrade, serving other business scenarios in Alibaba Group. Jiang Fan will represent the group in charge of Ali’s mother’s business group on the basis of his duties as president of Taobao Tmall.

The development of agriculture and rural areas is an important support for the expansion of domestic demand, and the digitization of this field can open up new growth space for the supply of high-quality agricultural products and effectively help farmers to get out of poverty. On the basis of being responsible for the original business, Dai Shan, President of Alibaba Group B2B Business Group, will represent the Group in charge of the Freshippo business group, and will be in charge of opening up The Freeshippo, Murada, Smart Agriculture and other businesses.

At present, Ali has achieved 100% of the core system on the cloud, while in artificial intelligence, big data, blockchain and other technologies to make breakthroughs. As a platform technology company, Ali will continue to improve the capabilities of technology infrastructure, while vigorously promoting technology and business integration into business esclose services, just past Alibaba ONE business conference, Zhang Yong predicted that 2020 will see more new technology-driven new creation. To this end, Zhang Jianfeng will continue to serve as Chairman of Alibaba’s Technical Committee, President of the Damore Institute, President of Alibaba Cloud Intelligence Group, leading Alibaba’s future technology strategy, the construction of The Moslem Academy, and committed to further breakthroughs in Alibaba Cloud’s intelligent business. Ant Financial’s former CTO Cheng Li will serve as Alibaba Group CTO and vice-chairman of Alibaba’s Technical Committee, responsible for the comprehensive technical access of all businesses in Ali’s digital economy. Ant Financial’s former Deputy CTO Hu Xi became Ant Financial CTO.

Alibaba plans to serve 2 billion consumers worldwide by 2036, create 100 million jobs and help 10 million small and medium-sized businesses make a profit. Meeting the needs of small businesses and consumers for digital technologies and platforms is a place to drive globalization. In a full letter, Ant Financial Group Chairman Hyun-dong Ishii announced that the future of a globalized market was beyond imagination and that he needed to put more effort into globalization. Hyun-dong Jing will continue to manage ant international business groups, smart technology business groups, HR, finance and strategic investment slots, and will no longer serve as CEO of Ant Financial, where He Xiaoming Hu will become CEO. Zhao Ying will serve as President of Ant Financial International Business Group, fully assisting Jing Xiandong in globalizing, while continuing to serve as President of Flying Pigs.

This will strengthen the strategic integration of the Ali digital economy. In the three strategic segments of globalization, domestic demand, big data and cloud computing, it is clear that Ali’s multiple businesses are working together to further integrate. “In this strategic layout of Ali’s basic direction over the next two decades, we must reflect Ali’s management innovation and commitment.” “We are not a person fighting, we are a group of people fighting for the same goal, ” Zhang said. ”

Attached: Zhang Yong’s full letter to the Ali people

You, Ali:

The group’s recent happy events have been encouraging. Double 11 again record, Alibaba Hong Kong successfully listed, Dr. Wang Jian became our country’s first academician from private enterprises, double 12 and greatly stimulatethed the vitality of small businesses.

I believe many colleagues are looking forward to the restructuring of the Group’s organizational structure. Because Alibaba’s traditional habit is to change the future at the best of times. Yes, we’ve been planning for this, and some of the adjustments are already under way and the highlights are expected, but it’s not enough.

On the 20th anniversary of Ali’s founding, we reaffirmed the three strategies for the future of Ali’s digital economy: globalization, domestic demand, big data and cloud computing. The trinity of business strategy, cultural strategy and organizational strategy is indispensable. The basic requirement for us is that in our digital economy, through business, culture, technology, through talent, and organizational security. Ensure that the All Ali digital economy can be “a picture, one heart, a battle” for more perfect strategic integration.

Based on this, the Group has decided to:

Zhang Jianfeng will step down from the Work of Alibaba Group CTO and continue to serve as Chairman of Alibaba Technical Committee, President of the Damore Institute, President of Alibaba Cloud Intelligence Group, leading Alibaba’s future technology strategy, the construction of the Damo Academy, and further breakthroughs in Alibaba Cloud’s intelligent business. Cheng Li (Rusu) will serve as the Ali Group CTO, report to me. Wu Zeming (Fan Wei), president of Ali Group’s new retail technology business group, reported to Cheng Li, and Zhou Jingren (Jingren), head of Ali’s search and advertising technology division, reported to Cheng Li and Jiang Fanshuang, president of Taobao Tmall. Cheng will also serve as Vice Chairman of Alibaba’s Technical Committee, responsible for the comprehensive technical access of all businesses in Alibaba’s digital economy.

Jiang Fan will, on the basis of the responsibilities of the current President of Taobao Tmall, will represent the Group in charge of Ali’s mother’s business group, and President Zhang Yifen (Zhao Min) will report to Jiang Fan. Ali mother and Taobao, Tmall will work together to promote user products and commercial products under the unified strategy of innovation, and more firmly build Ali mom advertising business, for the group’s other business scenarios.

Group B2B business group president Dai Shan (Su Wei) in charge of ICBU, 1688, Village Taobao, retail access, fast-selling business on the basis of the group will be in charge of the Freshippo business group, fully responsible for opening up Freshippo, Village Taobao, smart agriculture and other business. Freshippo President Hou Yi (Old Cuisine) reports to Daishan.

While serving as President of Ant Financial International, Zhao Ying continued to serve as President of Flying Pigs.

The above decision is effective from now on.

In this strategic layout about Ali’s basic direction in the next two decades, we must reflect Ali’s management innovation and commitment. A fence three piles, a good man three helpers. Now, in each of our strategic segments, we can clearly see the scenes where multiple business groups are working together. We are not alone in the fight, we are a group of people fighting for the same goal. Ten fingers buckle, finger to the heart!

Because of trust, so simple; Ali, let’s refuel together!

Zhang Yong (Yuyaozi)

Chairman and CEO of Alibaba Group

December 19, 2019

Hyun-dong Ishii then issued an internal letter, which read as follows:

A picture, a heart, a war!

Fellow ant students:

This year marks the 20th anniversary of Alibaba and the 15th anniversary of Alipay. From the introduction of a secured transaction mechanism 15 years ago to solve the problem of distrust between Taobao buyers and sellers, and now use blockchain technology, including new technologies, to solve the trust problem. For 15 years, we have been with the “trust” of this human social problem, we believe that the use of digital technology to solve this matter, can greatly reduce the cost of trust in the business sector, help “let the world do not have difficult business” this matter is getting closer to reality.

With Ali and Ant’s business gradually moving global, we also found that the world is big, the demand is big. Consumers and small businesses in many countries are more demanding of digital technology than expected. In the context of global new technological change, how to meet this far-from-satisfaction need and help them achieve value creation is a challenge that Ali and ants need to meet together.

In the face of challenges, we bravely move forward! After careful consideration, we have taken the following decision:

1. The future of the global market will exceed our imagination, for which I need to put more effort into it. As Chairman of Ant Financial, Ant International, Smart Technology, HR, Finance and Strategic Investments will report directly to me. At the same time, Ms. Zhao will serve as President of Ant Financial International, helping me to advance globalization. Doug is co-president of Ant Financial International, responsible for international strategic cooperation, international strategic investment and post-investment governance by invested companies, and promoting credit technology and products.

2, Hu Xiaoming (Sun Quan) as the CEO of Ant Financial, I will no longer be the CEO of Ant Financial. Alipay business group, digital finance business group, CTO line, CMO line, large security line, intelligent customer capital department, comprehensive risk management department, customer service and rights protection department and other mid-background lines are reported to Sun Quan. As a Alipay veteran, pioneer of Ant Micro Enterprise Credit and promoter of Alibaba Cloud, Sun Will bring his passion, leadership and rich experience in technology commercialization to lead the team into the growing domestic demand market, helping more service industries to achieve digital upgrading and development. Sun Quan reported to me.

3, Cheng Li (Rusu) no longer served as Ant FinancialCTO and Ant Financial International Business Group COO, transferred to Alibaba Group CTO, thanked Rusu for leading ant technology to the world’s leading level, and led the international team to achieve a major advance in ant globalization strategy, Congratulations on his journey to the bigger battlefield! Hu Xi (Ao) will serve as Ant FinancialCTO, reporting to Sun Quan, while Lu su, as Vice Chairman of the Technical Committee, gives professional guidance to Ao’s work. As the company’s 80 after the manager’s representative, I hope that Ao can take on greater responsibility in the future!

The above appointments are effective immediately.

Ant-Man, looking to the future, the only certainty is its uncertainty. But either way, it’s simple because of trust. Because of believe, so see. Together, we can create and see a better future together!

Hyun-dong Ishii

Chairman of Ant Financial Group

December 19, 2019

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