On February 26, it was reported that Alibaba Chairman Tsai Chongxin said in an exclusive interview with CNBC that after a period of pressure, Ali has returned to the track of China's top e-commerce enterprises. With a restructuring and new management in place, Alibaba is more confident that it can become one of the top e-commerce companies in China. Although Ali is not as confident as before and feels the pressure of competition, now "Ali is back".
In addition, in the interview, Cai **, the penetration rate of China's e-commerce will exceed 40% in the next five years, which is significantly higher than the current level of 30%.
Regarding Alibaba's earlier shelved Alibaba Cloud IPO plan, Tsai Chongxin said that if investor sentiment is good, it will be more reasonable to move forward with the IPO plan.
As for Cainiao, which has submitted a listing application in Hong Kong, he said that the current market performance is not good, and the company is still waiting for a better time.
On December 20, 2023, Alibaba announced personnel changes, and Wu Yongming, CEO of Alibaba Group and Chairman of Taotian Group, will also serve as CEO of Taotian Group. From now on, Wu Yongming will serve as the CEO of Alibaba Group, Taotian Group and Alibaba Cloud Intelligence Group.