$BABA-W(09988.HK)The reason Eddie Wu was reappointed to a key position is simple: he performed better in international markets than domestically! 🤔

LongPort - Zhitong
Zhitong

Alibaba establishes e-commerce business group CEO sends internal letter: 25-year-old Alibaba still needs to have an entrepreneurial mindset

On November 21st, Alibaba Group CEO Eddie Wu issued an internal email announcing the establishment of an e-commerce business group, which will be led by Jiang Fan and report directly. The new business group will integrate Taobao, Tmall, international digital commerce, and other e-commerce operations, aiming to enhance global competitiveness, serve domestic and international consumers, and support small and medium-sized enterprises in expanding their markets. This initiative reflects Eddie Wu's strategic thinking on the future of e-commerce, emphasizing a "user-first, AI-driven" development direction

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