Zhang Yong said that Alibaba will fully invest in the construction of large-scale generative artificial intelligence models.

On the evening of February 23, Alibaba Group released its results for the third quarter of fiscal year 2023 (the fourth quarter of natural year 2022). In a conference call with financial analysts, Zhang Yong, chairman and CEO of the board of directors, first talked about Alibaba Cloud's future development plan after serving as president of Alibaba Cloud Intelligence.

Zhang Yong said that when 2023 arrives, he proposed the keyword "advance" within the company as the keynote for Alibaba's development in the new year. He believes that Alibaba needs to quickly respond to changes in the general environment and cycles, follow the trend, and advance with the trend. Behind this "advance" is not only the need to adapt to changes in the macro environment, but also the need for Ali's own development. In the main theme of economic development, despite the different situations faced by different businesses and battlefields, Alibaba has always firmly believed in the main track of strategic choice-consumption, cloud computing, and globalization.

At the end of 2022, Zhang Yong announced an organizational adjustment and he also served as President of Alibaba Cloud Intelligence. Faced with widespread external attention on the thinking behind this adjustment, Zhang Yong said frankly at the analyst meeting: "The reason for making such a decision is precisely because cloud computing is one of Alibaba's core strategies for the future. Innovation and other new technologies It has a key impact not only on Alibaba Cloud but also on the future of Alibaba Group. At the same time, Alibaba Cloud is also the basic support for Alibaba to fully take root in the real economy and serve the integration of data and reality. We also see that the combination of cloud computing and artificial intelligence is at the forefront of technological breakthroughs and development. As the world's leading cloud computing vendor, we firmly believe in the broad future of industrial digitalization and that cloud computing will always serve as the infrastructure of the digital economy."

He also further shared how Alibaba Cloud consolidates and Efforts to strengthen market leadership: First, continue to improve the stability and security of cloud computing services, continue to optimize performance and reduce costs through technological breakthroughs; second, continue to build and prosper the technology and industrial ecology of cloud computing; third, Work with partners to provide customers with intelligent industry solutions; fourth, as an intelligent collaborative work platform and application development platform, DingTalk and cloud computing form a cloud-Ding-in-one and cloud-integrated service; fifth, in the generation In an era where modern AI is launching disruptive breakthroughs, the support of computing power is indispensable. On the one hand, we will continue to work hard to build our own large pre-trained models, and on the other hand, we will fully seize market opportunities and provide various models and models on the market. The application provides good computing power support.

In overseas markets, Alibaba’s business in multiple commercial segments has been steadily advancing this quarter. Zhang Yong reiterated Alibaba's globalization strategy - it will continue to choose to deeply explore the regional markets in Southeast Asia and Europe, adopt a model that combines localization and cross-border retailing, and make long-term sustainable investment and construction across economic cycles.

Zhang Yong also gave his own judgment on the pace and expectations of consumption recovery. "With the relaxation of epidemic policies and the passing of the peak of infection, consumer confidence and business confidence are recovering, logistics has resumed normal operations, the entire supply chain and industrial chain have become active, and the process of digitalization in all walks of life has also accelerated significantly. Here Against the general background, Alibaba's various businesses are also showing a positive trend. "Especially since February, consumption has shown a recovery momentum, especially in categories such as clothing and sports and outdoor sports. The growth rate has recovered well. Merchants have also shown strong business aspirations and are expected to recover." will last.

Zhang Yong further shared how he will strengthen and improve the user experience and customer value of Taobao and Tmall to consolidate his market leading position. First, strengthen user stickiness and duration: Taobao and Tmall already have the most extensive online shopping population in China and are also the most efficient trading platform. On this basis, they continue to add diversified consumer content through short videos and live broadcasts. , to enhance consumers’ stickiness and joy of discovery, and to increase influence and activity. Second, improve the cost-effectiveness of goods. Price is always the king of consumption. We will continue to improve the price competitiveness of goods through the design of the overall market mechanism, various marketing products and business model breakthroughs such as Taote's factory goods/agricultural products directly to consumers. . Third, local retail organizes local supply and local logistics fulfillment through local businesses such as Taoxianda and Taocaicai to meet consumers’ timely demand for high-frequency daily necessities.

This year is the 24th year since the birth of Alibaba Group. Zhang Yong also shared his thoughts on Alibaba’s future development: “In the past, we have grasped the Chinese e-commerce oriented to the consumer Internet, and the Chinese e-commerce oriented to the industrial Internet. These are two historic opportunities in the cloud computing market. Facing a more profound technological future, we will continue to seize the vast opportunities that technology will bring to business and all aspects of change, and we will always be confident in the future."

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