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Caixin Global
Caixin Global
Business
Bao Hongyun and Han Wei

Alibaba Streamlines Leadership Amid AI and Global Push

Alibaba posted a 6% rise in revenue to 996.4 billion yuan ($138.9 billion) and a 77% increase in net income to 125.98 billion yuan

Alibaba Group Holding Ltd. has significantly reshaped its influential partnership system, cutting nearly a third of its members and promoting e-commerce executive Jiang Fan to the company’s top leadership circle.

The overhaul reflects the tech giant’s sharpened focus on international expansion and artificial intelligence (AI) as it seeks to reignite growth.

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