2023-09-11 11:13:00
Big news from Ali!Textbook inheritance: Zhang Yong steps down, Cai Chongxin and Wu Yongming take office
Yesterday, Alibaba’s organizational changes were smoothly promoted. Tsai Chongxin took over as chairman of the group’s board of directors, Wu Yongming became group CEO, and Zhang Yong stepped down as chairman and CEO of Alibaba Cloud, completing a new round of leadership replacement. From then on, Alibaba bid farewell to the “Zhang Yong Era” .
Speaking of which, this is already the second handover of the power baton. The first time was in 2015, when Jack Ma handed the baton of CEO to Zhang Yong, and then in 2019, the baton of chairman of the board was handed over to Zhang Yong.
Now it is Zhang Yong who has handed over the power stick in his hands to Cai Chongxin and Wu Yongming.
Although this was planned for the previous organizational change in June, when everyone already knew that Zhang Yong would transfer power, this smooth handover is also of great significance.
From Jack Ma’s transfer of power to Zhang Yong’s abdication, it can be called a textbook inheritance.
Alibaba’s Jack Ma era was an era of pioneering.
In 1999, Alibaba was born with the mission of “making it easy for people to do business in the world”. At that time, it only had 500,000 yuan in venture capital and not many employees.
It started with a 2B model and slowly developed into 2C. In the end, 2B and 2C were just the Chinese business parts of Alibaba’s financial reports. Alibaba also grew from a small website in the early years to an international and domestic procurement platform, online and offline retail business, A business unicorn integrating financial investment, payment, big health industry, and cloud computing has become a behemoth.
The era of Ali and Zhang Yong was an era of entrepreneurship and transformation.
In 2015, Zhang Yong became Ali’s CEO and promoted his important strategy of “big middle office and small front office”, which started Ali’s transformation.
Then it began to expand on a large scale, acquiring Intime, RT-Mart, Ele.me, Youku, Hema, etc. Alibaba transformed from an e-commerce company into a complex and rich ecosystem covering multiple sectors such as retail, cloud computing, and local life services.
During Zhang Yong’s era, Alibaba’s market value once hit the seventh place in the world, and its revenue and profits increased significantly.
Cai Chongxin and Wu Yongming are both veterans of Alibaba and one of its founders. There is no need to say more regarding Cai Chongxin, everyone knows it very well, and Wu Yongming was the technical director when Alibaba was founded.
Nowadays, Alibaba has launched the “1+6+N” organizational reform and split the group into numerous business units. I wonder what kind of development will happen under the leadership of Tsai Chongxin and Wu Yongming?
Also, where are the next chairman and CEO? When will Ali’s next inheritance be? This company, which aims to live for 102 years, has only celebrated its 24th birthday.
Original title: Big news from Ali!Textbook inheritance: Zhang Yong steps down, Cai Chongxin and Wu Yongming take office
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