On June 20, Zhang Yong, Chairman and CEO of Alibaba Holdings Group, announced his resignation through a letter to all employees. The following is the specific content for you. Interested players must not miss it!
Event introduction:
Zhang Yong stepped down as chairman and CEO in September, and Tsai Chongxin and Wu Yongming took over.
Announcement: June 20
Detailed introduction:
Zhang Yong, chairman and CEO of Alibaba Holdings Group, announced through an all-member letter that Alibaba’s new 1+6+N business cluster has basically taken shape. The boards of directors of each business group have begun operations, and listing and financing plans for multiple businesses have also been carried out. The group will mainly assume the role of innovation incubation base camp, and Alibaba as a whole is heading towards the future with a new attitude.
Zhang Yong also announced that the complete spin-off of Alibaba Cloud Intelligence Group has been launched. It is in the most critical period of upward development and must be fully committed. At the same time, in order to adapt to future development norms and requirements, it is not appropriate for him to hold the positions of chairman and CEO of two companies at the same time. With the approval of the board of directors of Alibaba Holding Group, Zhang Yong will step down as chairman and CEO of Alibaba Holding Group on September 10 this year. Zhang Yong will then serve as chairman and CEO of Alibaba Cloud Intelligence Group full-time, focusing on the development of Alibaba Cloud.
At the same time, with the approval of the board of directors of Alibaba Holding Group, the group's executive vice chairman Cai Chongxin will serve as chairman of the board of directors of Alibaba Holding Group; Wu Yongming will serve as CEO of Alibaba Holding Group and will continue to serve as chairman of Taotian Group.