Alibaba: The company upgraded its “Diversity Governance” system and appointed Shan Dai and Jiang Fan to lead the newly established “China Digital Business” and “Overseas Digital Business” sections respectively.
On December 6, Zhang Yong, chairman of the board and CEO of Alibaba, issued an internal letter announcing the company’s upgrade of its “diversity governance” system and appointing Dai Shan and Jiang Fan to lead the newly established “China Digital Commerce” and “Overseas Digital Business”.
As Group’s President, Dai Shan will represent Alibaba Group to oversee Greater Taobao (including Taobao, Tmall and Ali Mama), B2C retail business group and other businesses to form the “China digital business segment”.
Jiang Fan, as Group’s President, will represent Alibaba Group to oversee two overseas businesses, AliExpress and International Trade as well as a number of subsidiaries for overseas markets such as Lazada. It aims to form the “Overseas Digital Business Segment”.
Domestic demand, globalization and cloud computing are Alibaba’s three main strategies. Zhang Yong has been advocating the concept of agile organization since he became CEO in 2015 to guide the adjustment of internal production relationships to meet the needs of Alibaba’s multi-talented business moving forward. This targeted organizational restructuring releases a signal that Ali is further expanding domestic and overseas business.
Ali also announced that Wu Wei will no longer take office as Group’s Chief Financial Officer (CFO) from March 31, 2022 and will be succeeded by Xu Hong (Toby), the Group’s Deputy Chief Financial Officer (Deputy CFO) who will continue to serve as the Group’s Executive Director and a member of the Sustainability Committee under the Group’s Board of Directors. In his internal letter, Zhang Yong used the term “outstanding historical contribution” to fully recognize Wu Wei’s work and achievements for Alibaba over the past 15 years.