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

Thanks to CTOnews.com net friend a salted fish trumpet, aviation Mr. clue delivery! CTOnews.com July 21 news, Alibaba this evening released 2023 financial results, Ali board chairman Zhang Yong issued a letter to shareholders. Zhang Yong said that 2023 is destined to be a landmark year in Alibaba's development process. This organizational change (1+6+N governance structure) is, to some extent, an unprecedented exploration in China's business history and an experiment in which super-large organizations dare to be pioneers.

Zhang Yong, the source of Alibaba's financial report, introduced in the letter that Ali has the following plans for the 1+6+N structure:

Cloud Intelligence Group will be completely separated from Alibaba Group by distributing dividends to shareholders and complete an independent listing.

Rookie and Box Horse will both seek separate listings;

Alibaba International Digital Business Group will seek independent external financing.

Zhang Yong said that he believed that this brand-new governance structure was conducive to the discovery and creation of customer value, business value and shareholder value, thus having the opportunity to create greater social value.

Zhang Yong also pointed out that Alibaba will always adhere to long-term doctrine, adhere to creating value, adhere to the three strategies of consumption, cloud computing and globalization: "Facing the new era full of unknowns, we hope to face the baptism of the market through profound changes in our own production relations, release more internal vitality and creativity, and better grasp the opportunities of the future." "

Zhang Yong also wrote in the letter: "With the opening of this new chapter, Alibaba Holding Group will also welcome new management after September 10: Cai Chongxin will succeed me as Chairman of Alibaba Holding Group Board of Directors, and Wu Yongming will succeed me as CEO of Alibaba Holding Group. I myself will also go to a brand-new battlefield to do a full-time job as chairman and CEO of Alibaba Cloud Intelligent Group to explore the broad future of cloud computing, big data, artificial intelligence and integration and innovation of thousands of industries. "

CTOnews.com previously reported Alibaba's revenue of 868.687 billion yuan in fiscal year 2023 ending March 31, up 2% from fiscal year 2022.

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