Wed. Feb 21st, 2024

Signage on the Alibaba Group Holding Ltd. sales space on the Good China Expo in Chongqing, China, on Monday, Sept. 4, 2023.

Qilai Shen | Bloomberg | Getty Photos

Alibaba must be “consumer first” and “AI-driven,” new CEO Eddie Wu informed staff on Tuesday, as he laid out the strategic priorities for the Chinese language tech large.

Wu, who’s simply three days into the job as Alibaba chief government, referred to as for the e-commerce agency to “undertake a start-up mindset” as he seems to steer the corporate again to development following one of the crucial tumultuous instances in its 24-year historical past.

“Occasions are altering, and so should Alibaba! Because the world progresses, Alibaba must evolve even quicker!,” Wu mentioned in a letter to staff that was seen by CNBC.

Wu, one among Alibaba founder Jack Ma’s shut confidants, began as CEO on Sept. 10, taking on from Daniel Zhang, who stepped down from the position to give attention to heading up the cloud computing enterprise. Nevertheless, in a shock transfer, Zhang this week give up as CEO of the cloud enterprise with Wu taking on within the interim.

It comes months after Alibaba cut up its firm into six completely different enterprise teams, the largest shakeup in its historical past.

Wu mentioned Alibaba’s two essential strategic focuses might be “consumer first” and “AI-driven.” The corporate will “reinforce” its strategic investments in three areas.

The primary it calls “technology-driven web platforms.” Wu mentioned that Alibaba’s enterprise ought to “search out essentially the most open and collaborative relationships,” even with opponents. This can be a completely different strategy from Alibaba which has tended to attempt to maintain customers inside its ecosystem of merchandise.

Wu additionally touted the necessity to put money into synthetic intelligence. Alibaba’s cloud unit has tried to place itself as a frontrunner in AI inside China because it seems to reignite development within the enterprise.

“Every of our companies generates large numbers of use circumstances; subsequently, we should rework these use circumstances into purposes for AI expertise, driving breakthrough consumer expertise and enterprise fashions via expertise innovation,” Wu mentioned.

“If we do not sustain with the modifications of the AI period, we might be displaced.”

Alibaba Cloud has its massive language mannequin referred to as Tongyi Qianwen, launched earlier this 12 months. An LLM is an AI mannequin educated on big quantities of information and underpins chatbot purposes. It is the identical kind of mannequin that OpenAI’s ChatGPT relies on.

Wu additionally mentioned Alibaba must proceed to put money into “globalization.”

Alibaba may also look to advertise youthful expertise. Throughout the subsequent 4 years, the corporate will promote these born after 1985 and the Nineteen Nineties “to kind the core of our enterprise administration groups,” Wu mentioned.

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