Ant Group management is no longer a partner of Alibaba.

　　On July 26, Alibaba Group (NYSE: BABA, 09988.HK) released its 2022 fiscal year annual report and disclosed the latest list of partners. There are currently 29 members.

　　According to the 2021 annual report, relevant members from the management of Ant Group include Jing Xiandong, Ni Xingjun, Zeng Songbai, Zhao Ying, Wu Minzhi, Peng Yijie, Shao Wenlan and others as Alibaba partners, and none of them are currently the newest partners in 2022. in the list.

Shao Xiaofeng, the vice president of the group in the latest list of partners, was previously the senior vice president of Ant Group.

　　According to the 2022 annual report, according to the recently revised "Partnership Agreement" of Alibaba Partnership, the partner should be a person from Alibaba Group. From May 31, 2022, a person from a related party of Alibaba Group will no longer be a partner.

　　According to the annual report, "Alibaba's partnership election standards and procedures help strengthen the responsibilities of partners among partners and to customers, employees and shareholders. To ensure that the interests of partners and shareholders are aligned, we require each partner Must maintain a considerable amount of the company's shares during the period of being a partner. Since the partner candidate must have worked in our company for not less than five years, the partner candidate has usually been elected through equity incentives and share purchase or investment plans, etc. owns or acquires a substantial amount of the company's shares."

　　According to the 2022 fiscal year annual report, the GMV of the Alibaba ecosystem is 8.317 trillion yuan, and the GMV generated by the business for Chinese consumers is 7.976 trillion yuan.

There are about 1.31 billion active consumers in the world, of which more than 1 billion in China, and about 305 million annual active consumers from overseas.

　　Last year, Alibaba's annual revenue was 853.062 billion yuan, a year-on-year increase of 19%.

Net profit attributable to ordinary shareholders was 61.959 billion yuan, down 59% year-on-year, and non-GAAP net profit was 136.388 billion yuan, down 21% year-on-year.

The main reason is that the market price of Alibaba's equity investment in listed companies has dropped compared with the net income of these investments last year.

　　"A series of organizational and cultural changes made by Alibaba in the past year will be a new beginning for future development," Zhang Yong, chairman and CEO of Alibaba Group, wrote in a letter to shareholders, "We boldly We have tried the management responsibility system under the multi-governance structure. Since its establishment 23 years ago, Alibaba has become an enterprise group driven by multiple business engines. Our different businesses are distributed in different industrial fields and in different life cycles. Faced with different opportunities and challenges. This also means that they need to have a more independent business strategy and management awareness, and can quickly make their own judgments and choices according to changing market needs. We must also be aware of the market in a turbulent environment. Therefore, we must make the organization more agile and flexible, and let each individual in the organization learn quickly and act proactively, so that Alibaba's future will be driven by the common driving of different business engines."

　　On the same day, Alibaba Group announced that the board of directors has authorized the management of the group to submit an application to the Hong Kong Stock Exchange to add Hong Kong as a major listing place.

After the Hong Kong Stock Exchange completes the review process, Alibaba will be dually listed on the main board of the Hong Kong Stock Exchange and the New York Stock Exchange.

Alibaba is currently listed on the main board of the Hong Kong Stock Exchange and will apply for Hong Kong as the main listing place in accordance with the Hong Kong listing rules, which is expected to take effect before the end of 2022.

　　As of press time, Alibaba's Hong Kong stock market was quoted at HK$105.4, up 5.82%.