Wu Yongming, who is driving the reform of Alibaba, began investing in AI ten years ago and has since reaped a group of unicorn companies.

Recently, the tech industry has been ignited by two "fires": one is the Alibaba Group Holding Limited Sponsored ADR (09988) third quarter financial report for the 2025 fiscal year showing impressive results, with Cloud Intelligence Group revenue returning to double-digit growth of 13% year-on-year; the other is AR unicorn Rokid exploding in popularity due to the concept of "spatial computing," earning the title of "Hangzhou's Seventh Dragon." Behind these two "fires" stands the same person - Alibaba Group Holding Limited Sponsored ADR CEO Wu Yongming. Alibaba's AI transformation strategy shows initial results Since taking over as CEO in September 2023, Wu Yongming has been driving Alibaba's transformation from a traditional e-commerce giant to a tech powerhouse with the core values of "user first, AI-driven." Just three days into his tenure, he outlined business priorities in a company-wide memo: doubling down on core businesses (e-commerce, cloud) with increased investments, while gradually divesting or capitalizing on non-core businesses. As this strategy took shape, Alibaba Group Holding Limited Sponsored ADR swiftly focused its resources on AI and cloud businesses. During Alibaba Group Holding Limited Sponsored ADR's 2024 fiscal year Q2 earnings call, Wu Yongming publicly revealed the details of the AI strategy for the first time, introducing a technology hierarchy (base-level computing chips and large models, industry-specific solutions in the middle layer, consumer-facing AI products on the application layer), and committing to investing over 100 billion RMB over the next three years in AI and cloud computing infrastructure. Additionally, in terms of organizational restructuring, the establishment of "AI Labs" was announced, integrating DAMO Academy and Alibaba Cloud Intelligence team to provide organizational support for the deep development of AI technology. In various public appearances thereafter, Wu Yongming stressed the importance of AI in Alibaba Group Holding Limited Sponsored ADR's business: "AI is a once-in-a-decade opportunity for Alibaba," and "AI will become the underlying technology that permeates all business sectors of Alibaba, from e-commerce and cloud computing to logistics, AI will be the driving force behind the company's development." In 2025, Alibaba Group Holding Limited Sponsored ADR's related strategic layout accelerated significantly. During the latest earnings call at the end of February, Wu Yongming stated that the company will continue to focus on three main types of businesses: domestic and international e-commerce, technology business of AI + cloud computing, and internet platform products. On February 24th, it was announced that over the next three years, a strategic investment of over 380 billion RMB will be made in AI and cloud computing infrastructure, setting a record as the largest scale of investment in this field by a Chinese private company. Industry experts believe that this decision by Alibaba Group Holding Limited Sponsored ADR not only reshapes Alibaba's technological landscape but also reflects a new trend in the Chinese AI industry investment field. Under Wu Yongming's leadership, Alibaba Group Holding Limited Sponsored ADR's AI layout has already shown results: Alibaba Cloud's AI-related revenue has achieved double-digit growth for six consecutive quarters, reaching 35% of the total in the 2025 fiscal year Q3; Alibaba Cloud's AI infrastructure continues to upgrade, launching large models such as Tongyi Qianwen, and striking strategic partnerships with companies like Apple Inc. Forward-looking investments in a decade-long layout in the AI field In the capital markets, Wu Yongming wears multiple hats, not only as the CEO of Alibaba Group Holding Limited Sponsored ADR but also as an investor in the AI space beyond Alibaba Group Holding Limited Sponsored ADR. As the founder of Element Jing Capital, Wu Yongming's investment r...200 million dollars.As a professional investor, Wu Yongming's forward-looking layout ability is first-class. The AI field he is optimistic about is gradually becoming a core driving force for technological development. In addition to Rokid, MINIEYE, and Tuya, Inc. Sponsored ADR Class A, Wu Yongming and Yuanjing Capital have successively invested in Li Auto, Inc. Sponsored ADR Class A (02015), conversational AI platform Sogou, and early-stage companies in the embodied intelligence field like Lumi Intelligent, forming a unique "AI investment ecology." Now it seems that Wu Yongming's AI layout within Alibaba Group Holding Limited Sponsored ADR is not just about financial investment, but a comprehensive reshaping from strategy to organization. Alibaba Group Holding Limited Sponsored ADR is transforming into an "AI infrastructure operator." Behind the 380 billion is not only the early positioning in the AGI era but also the battle for China's AI industry to have a say in the global technology field. In this wave of AI, Wu Yongming's external investment layout has already focused precisely on the hard technology field related to AI, providing strong support for emerging companies and injecting new vitality into the capital market. As Alibaba Group Holding Limited Sponsored ADR Chairman Tsai Chung Hin said, "The answer to this competition changes every day," and Wu Yongming and Alibaba Group Holding Limited Sponsored ADR's "refresh" in the AI field has just begun.