3 6 Ke·2024-03-19 11:20Core Viewpoint - Alibaba is accelerating the optimization of its management team, focusing on the younger generation of leaders, with significant changes expected in the near future [1][3]. Group 1: Management Changes - The management team is undergoing a significant shift, with older executives being replaced by younger leaders, as emphasized by the new CEO Wu Yongming [1][3]. - Wang Hai, a key figure in Alibaba's B2B business and previously considered a potential CEO candidate, is also affected by this restructuring [1][3]. - The recent appointment of Xiang Xiaolei as CEO of Hema does not align with the youth-focused strategy, as he is 45 years old [1]. Group 2: Performance of Taote - Taote, a platform developed under Wang Hai's leadership, is facing a decline, with indications that it may be integrated into Taobao [2][3]. - Taote's early success included reaching 1 billion users within 9 months and 280 million users within 21 months, showcasing its initial strong performance [2]. - The decline of Taote reflects the challenges faced by Wang Hai, who has been with Alibaba since 2003 and is now at risk of being optimized out due to age [3]. Group 3: International Business Focus - Jiang Fan, born in 1985, is expected to play a crucial role in Alibaba's international B2B business, which is set to focus heavily on overseas markets this year [4]. - The international business segment has shown significant growth, with revenues of 69.204 billion yuan in the 2023 fiscal year, marking a 13.3% increase year-on-year [4]. - Jiang Fan's return to a leadership position in the newly formed International Digital Business Group highlights the strategic shift towards international operations [4].