Alibaba Reshuffles Partnership Committee, Reduces Members to 17
Alibaba Group has significantly restructured its partnership committee, reducing the number of members from 26 to 17 in fiscal year 2025. According to the company's annual report, nine partners were removed, including former CEO Daniel Zhang and co-founder Lucy Peng, while e-commerce head Jiang Fan was added to the committee. This marks Jiang's return to the group two years after his removal following an internal investigation. He now joins key figures such as founder Jack Ma, CEO Wu Yongming, and Chairman Joe Tsai. The leadership reshuffle aligns with Alibaba's strategic pivot towards strengthening its core e-commerce business and accelerating growth in artificial intelligence. Financially, the company reported a 6% revenue increase to RMB 996.3 billion and a substantial 77% jump in net income for the fiscal year. Looking ahead, Alibaba plans to heavily invest in cloud and AI infrastructure over the next three years, operating under a new '1+2+N' organizational structure that prioritizes e-commerce, cloud intelligence, and other emerging business sectors.
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Alibaba Reshuffles Partnership Committee, Reduces Members to 17
Alibaba Group has significantly restructured its partnership committee, reducing the number of members from 26 to 17 in fiscal year 2025. According to the company's annual report, nine partners were removed, including former CEO Daniel Zhang and co-founder Lucy Peng, while e-commerce head Jiang Fan was added to the committee. This marks Jiang's return to the group two years after his removal following an internal investigation. He now joins key figures such as founder Jack Ma, CEO Wu Yongming, and Chairman Joe Tsai. The leadership reshuffle aligns with Alibaba's strategic pivot towards strengthening its core e-commerce business and accelerating growth in artificial intelligence. Financially, the company reported a 6% revenue increase to RMB 996.3 billion and a substantial 77% jump in net income for the fiscal year. Looking ahead, Alibaba plans to heavily invest in cloud and AI infrastructure over the next three years, operating under a new '1+2+N' organizational structure that prioritizes e-commerce, cloud intelligence, and other emerging business sectors.
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