Jiang Fan, CEO of Alibaba International Digital Business Group: International business shows rapid growth momentum
On May 18th, Jiang Fan attended the Alibaba Group Financial Reporting Analyst Meeting as the CEO of Alibaba International Digital Business Group (AIDC). He stated that this quarter, international business showed a rapid growth momentum, with the main driving force for growth coming from the expansion of business scale and the improvement of commercialization rate
On May 18th, Jiang Fan attended the Alibaba Group Financial Reporting Analyst Meeting as the CEO of Alibaba International Digital Business Group (AIDC). He stated that this quarter, international business showed a rapid growth momentum, with the main driving force for growth coming from the expansion of business scale and the improvement of commercialization rate.
Jiang Fan said that facing the future, international retail business will still adhere to the cross-border+local investment model. The potential of the cross-border market remains great, and AliExpress will maintain rapid growth. In the local market, in addition to continuous investment in the Southeast Asian market, we will also actively pay attention to more new regional market opportunities.
He also stated that Alibaba International, as a B2B digital trading business, has upgraded its model and derived other services such as finance, logistics, and digital SaaS services from trading services. He believes that these actions will maintain healthy growth of B2B business, and AIDC will actively expand its B2B business model to other markets.
The financial report shows that international business performed well in this quarter, with international retail revenue growing by 41%, exceeding market expectations for three consecutive quarters.
On March 28th of this year, Alibaba announced a "1+6+N" organizational change, establishing six business groups and multiple business companies under the Alibaba Group. The international business sector led by Jiang Fan was formed into Alibaba International Digital Business Group. (One Orange)
Tag: International Jiang Fan CEO of Alibaba Digital Business Group
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