Alibaba Announces Cainiao and Hema’s Listing Plans and Yunzhili Spin-Off

Last night, Alibaba Group’s 2023 fiscal year Q4 and full-year financial report announced that the reform plan launched at the end of March is advancing rapidly and efficiently: Yunzhi Group will be completely spun off from Alibaba Group to go public independently, and Cainiao and Hema will launch listing plans , Ali International Digital Business Group launched external financing, and the six major business groups formally established a board of directors.

Ali said that this is an active reform made by Alibaba for future development, and has received full support from the group’s board of directors. Since its establishment 24 years ago, Alibaba has been constantly innovating and iterating in its own transformation, actively leading the transformation, creating and stimulating more future-oriented development opportunities. Through reforms to activate the body, so that more businesses can be carried out lightly and stand out, this is in line with the spirit of change in the history of Ali’s development.

On March 28, Zhang Yong, chairman and CEO of Alibaba Group, issued a letter from all employees, announcing the launch of 1+6+N organizational reform, and the establishment of Cloud Intelligence Group, Taotian Group, Local Life Group, Ali International Digital Business Group, Six major business groups and multiple business companies including Cainiao Group and Dawen Entertainment Group. Each business group and business company will set up a board of directors respectively, and implement the CEO responsibility system under the leadership of the board of directors, while Alibaba Group will fully move towards the management model of a holding company.

With the rapid implementation of a series of substantive progress, the development paths of various business groups and business companies have become clearer. Alibaba’s financial report shows that Alibaba Cloud Intelligence Group will be completely separated from Alibaba Group, and it will enter the market more flexibly.

Over the past ten years, Alibaba Cloud has self-developed core technologies and grown together with the turbulent digital age, bringing about a huge improvement in social efficiency. According to Gartner’s 2022 global cloud computing IaaS market ranking, Alibaba Cloud ranks third in the world and first in the Asia-Pacific market. Alibaba Cloud operates 86 availability zones in 28 geographic regions around the world, serving more than 4 million customers worldwide.

The financial report also shows that Ali International Digital Business Group will start external financing to help further business development and growth. As consumer service capabilities and supply chain capabilities go hand in hand, overseas business has gradually grown into one of the new engines driving Ali’s steady growth.

At the same time, Alibaba Group’s board of directors approved the launch of Cainiao Group’s listing plan, which is expected to be completed within the next 12 to 18 months. This year coincides with the tenth anniversary of Cainiao. After ten years of development, Cainiao has become a leading digital logistics company, forming five major business segments of domestic logistics, international logistics, urban and rural terminals, logistics technology and logistics real estate, and continues to invest in global logistics infrastructure and supply chain capacity building, facing the market The time is ripe for testing.

In addition, the board of directors of Alibaba Group has also approved Hema to start the listing process, which is expected to be completed in the next 6 to 12 months. Hema, which was born in 2015, is a benchmark for Alibaba to explore new retail, and has formed a clear business model and relatively clear profit prospects.

The financial report also shows that the board of directors of Alibaba Group has approved and appointed the board of directors of the six major business groups. The directors of the business groups are served by senior business leaders of Alibaba. With rich industry and market experience, they can strongly support the rapid and healthy development of each business group.