Alibaba handed it over to Ali's mother's "father"

Source: Internet vernacularAs soon as Jack Ma appeared, Ali underwent a drastic change.Three months ago, Jack Ma, who had not appeared for a long time, appeared in Yungu

Source: Internet vernacular

As soon as Jack Ma appeared, Ali underwent a drastic change.

Three months ago, Jack Ma, who had not appeared for a long time, appeared in Yungu. One day later, Alibaba announced the launch of the "1+6+N" organizational change. Last Saturday, Jack Ma went to the Dharma Hall to observe the final of the Global Mathematics Competition. At noon today,The chairman and CEO of Alibaba's board of directors have been replaced.

It is reported that Zhang Yong, the current Chairman of the Board of Directors and CEO, will step down on September 10 this year. Since then, he has served as the Chairman and CEO of Alibaba Cloud Cloud Intelligent Group, focusing on the development of Alibaba Cloud Cloud. To replace him, Joseph Tsai, who has always been with Ma Yun and Ali, will serve as the chairman of the board of directors; Wu Yongming, one of the founding fathers of "Eighteen Arhats" with ID 04, is the new CEO of Ali.

On September 10, 2019, at Alibaba's 20th anniversary annual meeting, Ma Yun, Zhang Yong, Joseph Tsai and others sang together. That night, Jack Ma officially stepped down as the chairman of the board of directors. Photographer: Chen Zhongqiu

Just a day ago, Late Post exclusively reported on the long conversation between Jack Ma and Taotian executives a month ago. People with workplace experience know that when a boss talks to you for a long time, it's mostly because they're not satisfied enough, and it's just a matter of giving feedback and hitting.

After the split, Wu Yongming also served as the chairman of Taotian Group. When change is most needed,Ma Yun gave Ali's hottest yam to "Dongxie" (the flower name of Wu Yongming), indicating his trust and expectation.

The 'carefree child' who never carefree

Before talking about the new couple, let's talk about the old man, "Xiaoyao Zi" Zhang Yong.

There are rumors in the Jianghu that Teacher Ma once joked that he doesn't like three types of people,Shanghainese people, professional managers and MBA students.Three tags, Zhang Yong took two.

Like Joseph Tsai, the former CFO, he gave up his considerable income to join Ali on the grounds that he has built a company worth 3 billion dollars and wants to build a company worth 30 billion dollars,Later, Alibaba's market value reached as high as $860 billion in his hands.Since joining Alibaba, he has personally created the Double 11, participated in leading Alibaba's allin mobile e-commerce, obtained tickets for the New World, and promoted the implementation of the Zhongtai and "New Retail" strategies

The two "most" words are the affirmation of Zhang Yong's performance as CEO over the past four years by Teacher Ma.

Ma Yun and Zhang Yong at Alibaba's 20th Anniversary Photography: Chen Zhongqiu

But these four years have also been four years when Alibaba has watched its competitors grow rapidly. In 2015, one month before Zhang Yong took the post of CE0, Pinduoduo was officially launched. More than half a year later, Tiktok went online.

Nowadays,The total GMV (total sales) of Pinduoduo and Tiktok e-commerce has exceeded half of Ali's domestic e-commerce business,Pinduoduo's income in the first three months of this year has reached 62% of Ali's domestic e-commerce business income.

This is the background of Jack Ma's conversation with Taotian executives. In the context of economic downturn and shrinking consumption, the two core businesses of Taobao and Tmall must change. Just like when Zhang Yong made a choice between Taobao Mall and the yet to be formed Tmall.

In addition to the constantly eroding e-commerce, Alibaba's lack of sharpness in multiple business lines over the years has also been influenced to some extent by the Taiwan strategy. Although the central platform can significantly reduce multiple costs, there are weaknesses in adaptability, reaction time, and other aspects, and reducing internal competition is not conducive to product iteration.

All of this cannot be attributed to Zhang Yong alone, butWhen Alibaba urgently needs to break the mindset and business inertia and usher in a transformation to become "sexy" again, "changing people like changing knives" may be the most direct means.

So, is Wu Yongming a good knife?

Although he succeeded Zhang Yong unexpectedly, it was not without a trace. As early as a month ago, when Alibaba announced the composition of the board members of the six major business groups, Wu Yongming's name frequently appeared.He not only serves as the chairman of Taotian, but also serves as a director of two major groups, International Digital Commerce and Local Life.

Give the most beautiful office building to the geek Wu Ma

It is not ordinary netizens who say that Alibaba is not "sexy" enough, but Charlie Munger, who invested heavily in Alibaba's stock. As an old partner of Buffett and an evergreen in the investment industry, he once admitted that investing in Alibaba was a huge mistake because he was attracted by Alibaba's position on the Chinese internet,I didn't realize that Alibaba is still just a damn retailer(they're tillagod damned retailer.)

According to a report by LatePost, Jack Ma prescribed three doses of medicine for Taotian:Returning to Taobao, Returning to Users, Returning to the Internet.

The first two points are the correction of excessive resources tilting towards Tmall, which may also provide another perspective for Zhang Yong's resignation; The final return to the internet is more like freeing Alibaba from the impression of a "damn retailer".

This is easily associated with Wu Yongming's technical background. In 1996, he graduated from the Computer Department of Zhejiang University of Technology. He was one of the first programmers in China and led a series of early technological changes in Ali.From the earliest Chinese Yellow Pages to the later Taobao and Alipay, Wu Ma, the technology giant, is everywhere.

And the reason why he is called "Wu Mama" is also because he built an Alibaba Mama advertising and marketing platform. In a chat a month ago, it was repeatedly mentioned by Jack Ma as the key to the implementation of the "return to Taobao" strategy.

Also under his leadership, Ali once set up the mysterious M Studio to explore many cutting-edge technologies at the conceptual stage, such as 3D printing, portrait recognition, intelligent voice, and augmented reality.

Later, Misa, the boss of M Studio, resigned to start a business and founded Rokid, a human-computer interaction company. The first investment came from Yuanjing Capital led by Wu Yongming.They even gave Rokid the most beautiful office building in Xixi National Wetland Park.This shows Wu Ma's preference for technical geeks.

Interestingly, it was Wu Yongming's next partner, Joseph Tsai, who served as the chairman of Ali's board of directors, who brought Misa to Ali. Back then, he led the acquisition of Misa's Mammoth Technology. Joseph Tsai is also one of the investors of Rokid, and he helped Misa at the most critical moment.

This to some extent indicates that their investment and talent perspectives are consistent. Many people also believe that,The partnership between the two will enable Alibaba to take more action in the investment field in the future, referring to Google's parent company Alphabet.

For many startup companies in Hangzhou, "well-known investor" is Wu Yongming's more well-known identity. Over the years, Yuanjing Capital has invested inLi Auto, graffiti intelligence, Weimai, Kunyou Optoelectronics, Sibichi, etcA well-known technology enterprise that spans fields such as hard core technology, industrial intelligence, medical technology, industrial intelligence, and cross-border shipping.

Partial investment projects of Yuanjing Capital

The common impression of CEOs of multiple invested companies on him is:I have a calm and optimistic personality, and I am a very good person; Pursuing innovation and being very sensitive to cutting-edge technologies; And it has a user perspective and a global perspective.

Another advantage of Wu Ma is her high status in the martial arts world. Internally, he is a legendary founding elder who has fought tough battles; Externally, because many of the projects invested by Yuan Jing have Alibaba background, he has a high reputation among the Alibaba people who have resigned.

Of course, it is not realistic to expect him to turn the tide of decline immediately upon his return. An old Ali person expressed that he is willing to come back and fully immersing himself is definitely a good thing. The only problem is,Having been away from the front line for so long, I have become accustomed to being carefree. Is returning a name or a real job?

Fortunately, Teacher Ma's spirit has returned, "he said.

Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])