BABA(US:BABA) Sou Hu Cai Jing·2025-06-27 01:53Core Insights - Alibaba Group's 2025 fiscal year report highlights a significant adjustment in its partner structure, reducing the number of partners from 26 to 17, with 9 key figures exiting the partnership [1][2] - The departure of notable partners such as Peng Lei and Dai Shan, who were instrumental in Alibaba's development, indicates a shift towards a more focused and operationally aligned leadership team [1][2] - The company aims to leverage AI as a core driver for the next decade, emphasizing a strategy centered around "user-first" and "AI-driven" initiatives [2] Group 1 - The reduction in partners reflects Alibaba's ongoing optimization in organizational management to adapt to strategic changes [1] - The new partner lineup is primarily composed of leaders from core business units and technology, indicating a strategic focus on business and technical expertise [1][2] - The adjustments in the partner structure are part of a broader organizational renewal aimed at enhancing the company's ability to embrace AI-driven transformations [2] Group 2 - Alibaba's recent divestments, including exiting from Gao Xin Retail, demonstrate a commitment to focusing on its core businesses, particularly e-commerce and cloud services [2] - The company has seen accelerated growth in its e-commerce and cloud sectors, with subsidiaries like Tiger Whale Entertainment achieving profitability in recent quarters [2] - The ongoing evolution of the partner structure is expected to support Alibaba's exploration of new growth opportunities within the framework of its "user-first" and "AI-driven" strategies [2]