Alibaba's AI Strategy Moves: Taobao Flash Sales Changes Leadership, Lei Yanzhun Takes Over to Tackle the Trillion-Yuan Scale and Profit Challenge
CEO of Alibaba Group, Wu Yongming, announced an organizational adjustment: Wu Zeming, former CEO of Taobao Flash Sales, has been transferred to serve as the Group's CTO, while Lei Yanzhun takes over Taobao Flash Sales. This business, upgraded from Eleme, is a core focus for Alibaba's development in instant retail, aiming to achieve a trillion-yuan scale within the next two years.
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