Text | lumens
After taking over the positions of CEO of Alibaba Group and CEO of Alibaba Cloud, Wu Yongming got another CEO.
On December 20, Alibaba officially announced that Wu Yongming, CEO of the Group, will also serve as the CEO of Taotian Group, and Dai Shan, the former CEO of Taotian Group, will assist in the establishment of Alibaba Group Asset Management Company.
In Alibaba's chairmanship, Joe Tsai released today with the headline "The only constant is change, let's ignite the spirit of starting a new business!".In the all-staff letter, Cai Chongxin said that Wu Yongming's decision to concurrently serve as the CEO of Taotian Group is to promote efficient strategic coordination and high-intensity resource investment in the relevant sectors of the group's core e-commerce business.
The all-staff letter also statedWu Yongming's concurrently serving as the No. 1 position of Alibaba Cloud and Taotian will help lead Taotian's transformation with technological innovation, and help ensure the Group's unified command and high-intensity continuous investment in the two strategic priorities of e-commerce and cloud. Dai Shan, the former CEO of Taotian Group, will help set up Alibaba Group's asset management company, a new business function after Alibaba's transformation, to optimize return on capital and enhance shareholder value.
In fact, on September 12, Wu Yongming, who had just taken office as the new CEO of Alibaba Group for two days, sent a letter to all employees, establishing two strategic priorities for Alibaba:User-first and AI-driven。At the November earnings analyst meeting, Wu Yongming also made it clear that what he wanted to do was to "sort out the priorities of the existing business."Define core and non-core businessesMaintain a high level of resources and R&D investment for the core business, and realize the value of the non-core business through making a profit as soon as possible or other capitalization methods.
At the group level, the huge Ali has already become a large group spanning e-commerce, cloud computing, local life, logistics, entertainment and other fields, so business combing will not only encounter various difficulties and challenges, but also cannot bypass Ali's core e-commerce business.
In addition, Wu Yongming is already the CEO of Alibaba Cloud, and in the case of high-intensity resource investment in the future, it is undoubtedly the lowest management cost to put the core e-commerce and cloud management in one place. At the same time, under the external challenge brought by Pinduoduo's market value exceeding that of Alibaba after the announcement of its third quarterly report, Alibaba, which wants to fight a "turnaround", is bound to come up with some fighting momentum and actions to reverse the situation.
In addition to the management advantages brought by the two core businesses on one shoulder, this job adjustment can also be regarded as a return to the tradition of Alibaba: the four CEOs of Ali Group have all served in the No. 1 position of the "** system". After a series of job changes, Alibaba may be ready for a tough battle.