Zhang YongAll in Alibaba Cloud
Latest update time：2023-06-20
Reads：
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Full-time Alibaba Cloud, Zhang Yong goes out again.
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On June 20, Zhang Yong, Chairman and CEO of Alibaba Holding Group, announced through an all-member letter that Alibaba’s self-reform is progressing smoothly and steadily. The new 1+6+N business cluster has basically taken shape, and the boards of directors of each business group have begun operations. The listing and financing plans for multiple businesses have also been launched. The holding group will mainly assume the role of innovation incubation base camp. The entire Alibaba is heading towards the future with a new attitude.
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.
The letter from all employees shows that with the approval of the board of directors of Alibaba Holding Group, Zhang Yong will step down from his position as chairman and CEO of Alibaba Holding Group on September 10 this year. From then on, he will serve as chairman and CEO of Alibaba Cloud Intelligence Group full-time, focusing on the development of Alibaba Cloud. , continue to enhance Alibaba Cloud's industry competitiveness and global competitiveness. Tsai Chongxin, executive vice chairman of the group, will serve as chairman of the board of directors of Alibaba Holdings Group; Wu Yongming will serve as CEO of Alibaba Holdings Group and will continue to serve as chairman of Taotian Group.
During the more than 170 days he served as Chairman and CEO of Alibaba Cloud, Zhang Yong led Alibaba Cloud to a new start with hard work, tenacity, and the passion to start a new business.
From initiating Alibaba Cloud's largest price reduction, to releasing the large-scale model "Tongyi Qianwen", to leading Alibaba Cloud's complete spin-off from Alibaba Group. A series of changes in business layout and corporate governance have anchored a new starting point for Alibaba Cloud's strategy for the next 20 years and taken an important step towards Alibaba Cloud's growth into a world-class technology company.
With the launch of Alibaba Cloud's spin-off and the introduction of external strategic investment, Zhang Yong's full-time investment has not only contributed to Alibaba Cloud's smooth and smooth transition through the critical stages of spin-off, financing, and listing, but also to the subsequent improvement of Alibaba Cloud's industry competition. strength and global competitiveness.
At present, Alibaba Cloud is facing a broad future brought about by the rapid development of global AI large models. It has huge market potential and new historical opportunities. It needs strong leaders with both entrepreneurial vision and entrepreneurial mentality more than ever.
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The key Alibaba Cloud, the key second entrepreneurial period
On May 18, 2023, Alibaba announced that Alibaba Cloud will be completely separated from Alibaba Group and completed listing in the next 12 months.
The 2022 global cloud computing IaaS market rankings released by research and consulting organization Gartner show that Alibaba Cloud ranks third in the world and first in the Asia-Pacific market. Canalys China cloud computing market research report data shows that in 2022, Alibaba Cloud's market share will reach 36%.
The financial report shows that Alibaba Cloud's total revenue in fiscal year 2023 was 77.203 billion yuan, and its adjusted EBITA profit was 1.422 billion yuan, a year-on-year increase of 24%. It has been profitable for two consecutive years and is the only domestic cloud service provider to achieve continuous profitability.
In China's cloud computing market, which has huge potential, Alibaba Cloud has maintained an absolute leadership in market share for a long time and is the most successful cloud vendor in commercialization. However, Alibaba Cloud also faces fierce competition from many domestic and foreign cloud vendors.
In Zhang Yong's view, the era of intelligence is bringing two new historical opportunities to Alibaba Cloud. First, the emergence and widespread application of large artificial intelligence models and various industry/exclusive models have put forward new requirements for computing power. Second, on the basis of IaaS and PaaS services, Alibaba Cloud is forming a new "Model as a Service" (MaaS). In addition to providing basic large-scale models developed by itself, Alibaba Cloud also provides customers and partners with basic large-scale models based on basic large-scale models. Provide models and services to developers.
Alibaba Cloud has embarked on a second venture for the future - a complete spin-off from Alibaba Group, and plans to complete its listing within the next 12 months. There is no precedent for a complete spin-off within Alibaba, which is enough to illustrate the prospects of Alibaba Cloud's independent development in the future:
"In the future, Alibaba Cloud Intelligence Group can face the market more independently, further strengthen business strategies, optimize organization and operations... We have the opportunity to jointly build a world-class technology company." Zhang Yong told all Alibaba Cloud employees on May 18 the letter reads.
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Forging ahead bravely, Alibaba Cloud anchors its growth strategy for the next 20 years
On December 29, 2022, Alibaba announced organizational changes, and Zhang Yong also served as President of Alibaba Cloud Intelligence.
"The cloud is strategically important, and the time window is too precious. Digitalization and intelligence are in a period of rapid growth, both internationally and domestically. It is very important to seize the opportunities of the times." At an internal sharing meeting, Zhang Yong explained why he came to manage the cloud.
"How to do it still revolves around two propositions: first, cloud is a technology-driven business, how to maintain technological advancement and face the world with an objective, truth-seeking and pragmatic attitude; second, ensure that the internal operating system is the business Management advancement. These two things must happen at the same time to have a multiplier effect.”
What Zhang Yong brings to Alibaba Cloud is technological advancement and management advancement. This has become even more important in the face of the new development prospects faced by Alibaba Cloud.
As the generative AI trend became popular in early 2023, the "windows and opportunities" mentioned by Zhang Yong became more and more prominent: As the infrastructure supporting AI computing, Alibaba Cloud has obvious advantages in "computing power"; self-developed large models and rich application scenarios also provide It provides the confidence for Alibaba Cloud to build a large local AI model.
At the December quarter results conference call for fiscal year 23, when asked about cloud business strategies, Zhang Yong said that first, we must pay attention to the development of public cloud to expand scale effects; second, we must seize the AI and industry development boom and This translates into real results in the growth of computing power.
At the Cloud Summit in April this year, Alibaba Cloud was the first in the industry to announce that the prices of Alibaba Cloud's core products would be reduced by 15% to 50% across the board, and the price of storage products would be reduced by up to 50%, in order to expand the user base and scale of the public cloud. At the same time, Alibaba Cloud released the self-developed large model "Tongyi Qianwen". Zhang Yong said: "Starting from Alibaba, all industries, all applications, all software, and all services are worthy of redoing based on the capabilities of the large model."
Since then, Alibaba Cloud has basically laid out a development path for two-way advancement in the future: downwards using computing power to reduce prices to expand the basic cloud service base, and upwards using large AI models to find growth markets. While laying a solid foundation and holding on to market share, while breaking the ceiling and deeply integrating cloud computing with large models, Alibaba Cloud can also leverage its core technological advantages.
"Today we are in a new technological field where the new generation of artificial intelligence technology and industry are fully embraced. This is a major historical milestone in the next 10 or 20 years." Zhang Yong said.
Working full-time on Alibaba Cloud, Zhang Yong sets off again, heading towards the future with a new identity, making the market full of expectations. Not only Alibaba Cloud employees who followed it in starting a business, but also industry insiders said that once it is successfully listed, Alibaba Cloud will provide a new example of the independent development of cloud service providers around the world.
In the face of Alibaba Cloud's historic development opportunities and foreseeable challenges, he must All in.
Bless Zhang Yong.
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