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The official response is that Youku will be merged into Ali Pictures and ele.me will have new capital action: the news is not true.

2024-05-23 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Shulou(Shulou.com)12/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com December 20 news, this morning, Ali Group Chairman Cai Chongxin issued a full-staff letter announced that Ali Group CEO, Taotian Group Chairman Wu Yongming will also serve as Taotian Group CEO.

According to 36 Krypton follow-up reports, Wu Yongming has made a series of capital plans for several businesses that have been spun off: box Horse is already considering selling, ele.me or new capital moves. Youku is considering merging with Alibaba Pictures (as long as it can make a stable profit).

In this regard, ele.me responded that the news was not true, while Ali big entertainment also responded that (Youku was incorporated into Ali Pictures) is a fake. Prior to this, the box horse also said that the rumors were not true.

▲ Tu Yuan Alibaba official website according to Ali's full letter, Wu Yongming will serve as three CEO positions of Alibaba Group, Taotian Group and Aliyun Intelligent Group at the same time, ensuring that the group focuses on core strategic e-commerce and cloud, forming a unified dispatching command and high-pressure continuous input.

Daishan, the former CEO of Taotian Group, will assist in the establishment of Alibaba Group Asset Management Company, which is Alibaba's new business function after the reform.

CTOnews.com learned from Alibaba's website that Wu Yongming has been Alibaba's chief executive officer and director since September 2023. Wu Yongming is one of the founders of Alibaba and partner of Alibaba. He has been chairman of Taotian Group since May 2023.

At the beginning of Alibaba's establishment in 1999, Wu Yongming served as technical director. He has been the Chief Technology Officer of Alibaba since December 2004, the Business Director of Alimama, the Cash out platform of Alipay in November 2005, and the General Manager of Alimama since December 2007. He served as Chief Technology Officer of Taobao in September 2008 and head of search, advertising and mobile operations of Alibaba Group since October 2011. Wu Yongming served as a director of Ali Health Information Technology Co., Ltd., which is listed on the main board of the Hong Kong Stock Exchange from April 2015 to October 2021, and served as chairman of Ali Health from April 2015 to March 2020. From September 2014 to September 2019, Wu Yongming served as Special Assistant to the Chairman of the Board of Directors of Alibaba Group.

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