Shulou(Shulou.com)11/24 Report--

In the evening news on May 18, Alibaba Group Chairman and CEO, and Aliyun Intelligence Group Chairman and CEO Zhang Yong sent a full letter to Aliyun employees: in view of the great differences in the business model, customer characteristics and development stage between Cloud Intelligence Group and most consumer Internet businesses of Alibaba Group, we plan to completely spin off Cloud Intelligence Group from Ali Group and complete listing in the next 12 months. Form a new company which is completely independent of Ali Group in terms of equity and corporate governance. At the same time, Aliyun Intelligence Group will introduce external strategic investors.

He said in the full letter that the split is for better development and is a new start for Aliyun's second venture in the future. In the future, Aliyun Intelligence Group can face the market completely independently, further strengthen its business strategy and optimize its organization and operations. "We have the opportunity to build a world-class technology company together."

In the letter, Zhang Yong put forward three expectations for all Ariyun intelligent staff: cherish customer trust, adhere to technical ideals and maintain entrepreneurial mentality. He stressed that the never-ending pursuit of the advanced nature of technology is the gene of Ali Yun in his blood. In the past, Ali Yun built China's only self-developed Feitian Cloud operating system from scratch, and hopes to continue to innovate in cloud computing and AI models in the future, and compete with world-class players.

Recently, Aliyun has announced a series of new initiatives, including the release of AI model, price reduction and free trial programs for core products, and substantial increase in partner commission rates, in order to further expand the number of customers and cloud scale of public cloud, meet the computing power growth required by the wave of AI models, and build a healthier and more sustainable growth momentum for Aliyun's long-term development.

According to the latest financial report of Alibaba Group, Aliyun Intelligence's total revenue in fiscal year 2023 was 77.203 billion yuan, and the adjusted EBITA profit was 1.422 billion yuan, an increase of 24% over the same period last year, making a profit for two consecutive years.

With the full text of the letter-- "start a business again and start again!" "

Dear students of Ali Yun Intelligence

This year is the 14th year of the birth of Ali Yun. On September 11, 2009, at Aliyun's first staff meeting, Dr. Wang Jian put forward three important technical judgments for the future-the Internet is the infrastructure, the data center becomes a computer, and computing becomes a public service. Ali Yun set out from this.

Over the past 14 years, we have witnessed the prophecy of the past become a reality and consensus. Today, Aliyun is the number one public cloud service provider in Asia and the top three in the world, and is moving from the digital age to the smart age. This is the best evidence of long-term doctrine, and it is also the best example of seeing because you believe.

Standing at a new historical starting point, I would also like to share with you an important decision in the development of Aliyun Intelligence Group:

In view of the great differences in business model, customer characteristics and development stage between Cloud Intelligence Group and most consumer Internet businesses of Alibaba Group, we plan to completely spin off Cloud Intelligence Group from Ali Group and complete listing in the next 12 months. to form a new company that is completely independent of Ali Group in terms of equity and corporate governance. At the same time, Aliyun Intelligence Group will introduce external strategic investors.

The split is for better development, and it is a new start for Aliyun to start its second business in the future. In the future, Aliyun Intelligence Group can face the market more independently, further strengthen its business strategy, and optimize its organization and operations. It also requires us to have more entrepreneurial mentality, more responsibilities, and a better balance between short-term growth anxiety and long-term development goals, so that we can work together to build a world-class technology company.

To achieve this goal, we need the joint efforts of all Ali Yun intelligent students. I would also like to put forward three expectations to you:

First of all, cherish customer trust. Customer trust is the lifeline of Aliyun. Only by winning the trust and respect of customers, they will always be with us and grow together. This is also an important consideration for me to put 'stability' and 'security' before 'performance' and 'cost' in my requirements for the technical team.

Secondly, adhere to the technological ideal. The never-ending pursuit of the advanced nature of technology is the gene of Ali Yun in his blood. In the past, we built China's only self-developed Feitian Cloud operating system from scratch. In the future, we hope to continue to innovate in cloud computing and AI models, pursue to compete with world-class players, and really become a world-class technology company.

Third, maintain the entrepreneurial mentality. After becoming an independent company, we will face more new challenges, and our organization and business will also face the baptism of the market, which requires every Ariyun intelligent student to give full play to his passion and creativity, seek truth and pragmatism, and pursue excellence. in order to achieve the sustainable development of the company and individuals.

Over the past few months, we have experienced many major changes and witnessed many important moments, both in the external environment and in Ali itself. I firmly believe that we are on the right path.

The road is long, and the line is coming. A new starting point and a new journey, let's start a business together and start again!

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