China News Service, July 26 (Zhongxin Finance reporter Wu Tao) On the 26th, Alibaba Group issued an announcement: 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 the main 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.
Zhang Yong, Chairman and CEO of Alibaba Group.
Photo by China News Service reporter Wu Tao
In the annual letter to shareholders released on the same day, Zhang Yong, chairman and CEO of Alibaba Group, said that Alibaba should actively adapt to changes in the environment, jump out of Alibaba's perspective, view Alibaba from the perspective of social development, and understand the social impact on Alibaba. Ali's expectations, and find out Ali's development path in the general trend of social development and the big economic cycle.
Zhang Yong talked about Alibaba's organizational changes, "In the past year, Alibaba has made a series of changes in organization and culture, which will become a new beginning for future development. We must change faster than this era, and we must be more determined. We can adjust and improve ourselves more quickly, and turn consensus into action more quickly. Although these changes will take longer to manifest, we believe that we are on the right path.”
Zhang Yong also emphasized that Alibaba's globalization direction is very clear, and it is committed to exploring the globalization of the consumer field and the globalization of the cloud computing field.
At the beginning of 2022, Alibaba Group further clarified its three major strategies: consumption, cloud computing and globalization.
Taking logistics globalization as an example, this fiscal year, 69% of Cainiao's total revenue came from external customers, and in the latest quarter, Cainiao handled more than 4.5 million cross-border and international parcels per day.
Zhang Yong said, "We have boldly tried the management responsibility system under the multi-governance structure, and we must also be aware of the unpredictability of the market in a turbulent environment. Therefore, we must make the organization more agile and flexible, so that each individual in the organization can quickly Learn and act proactively, so that Alibaba's future will be driven by different business engines together." (End)