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Alibaba’s First Batch of Strategic Innovative Businesses: 1688, Xianyu, DingTalk, Quark

Nov 17, 2023, 16:49pm2023/11/17 16:50:23 Pandaily

On the evening of November 16th (at Beijing time), Eddie Wu participated in the quarterly analyst conference call as the CEO of Alibaba Group Holding Limited for the first time. Based on clarifying Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Group’s reform measures, Eddie Wu provided a comprehensive introduction to the development strategies and priorities of each business group. Taobao and Tmall will adhere to consumer stratification and price power strategies. Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Cloud will persist in “AI-driven, public cloud priority” approach, driving development through both AI and cloud computing. Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Group will maintain long-term and resolute investment in the strategic direction of Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Cloud, while Cloud Intelligence Group will continue to operate as an independent company under CEO responsibility authorized by the board of directors.

In addition, he also announced the first batch of strategic innovative businesses at Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> – 1688, Xianyu, DingTalk, and Quark. These strategic innovative businesses will be operated as independent subsidiaries within the organization and will break away from the previous positioning restrictions within the group. Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> plans to continue investing in these businesses for a period of 3-5 years.

SEE ALSO: Alibaba’s New CEO Eddie Wu: User Focus and AI Drive

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