Alibaba Group chief executive Eddie Wu, in his first annual letter at the helm of the company, named artificial intelligence the central organising priority for the conglomerate's next phase.
Wu pledged to "redouble efforts" on the core e-commerce franchise while channelling more capital into Alibaba Cloud, Tongyi Qianwen large language models, and AI-powered tooling for merchants.
The letter accompanied a continued review of non-strategic assets, building on portfolio actions begun under predecessor Daniel Zhang, including the planned listing of Cainiao logistics and capital returns to shareholders.
Markets responded cautiously, with analysts pointing to intense domestic competition from PDD Holdings and ByteDance's e-commerce push as the most immediate strategic challenge.