Jiang Fan and Wan Lin Become Partners of Alibaba Group Growth Rate | Rookie | Wan Lin
On July 21st, it was reported that Jiang Fan and Wan Lin became partners of Alibaba Group, marking Jiang Fan's second attempt to become a partner of Alibaba Group.
An Alibaba insider stated that it was not surprising for the two to become partners internally, and some employees were already aware of it. Under the new organizational structure, the two serve as CEOs of business groups, with Jiang Fan serving as a director of three of these business groups and becoming partners. "It's natural and natural," he said
An employee of the overseas business revealed that Jiang Fan has introduced many new practices internally, and international business has seen good growth in recent quarters. He believes that Jiang Fan's becoming a partner indicates that his achievements have been recognized.
Public information shows that Cainiao and Overseas E-commerce have achieved remarkable results. In the previous fiscal year, overseas e-commerce and Cainiao were the two fastest-growing business groups among Alibaba's six major business groups.
Wan Lin, who joined Alibaba in 2014, has a strong international perspective. Since 2017, he has served as the President and CEO of Cainiao, leading Cainiao to strong growth. Compared to the growth rate of major logistics enterprises in China since 2017, the overall revenue compound growth rate of the national express delivery industry is 20%, 38%, SF Express is 30%, while Cainiao's compound growth rate in the past six fiscal years has reached 62%.
"Wanlin's becoming a partner is not only a recognition of Wanlin himself, but also a recognition of his leadership in the solid logistics capacity building of Cainiao in recent years, which has greatly improved in globalization, digitalization, and logistics operations." said an industry insider who has close business dealings with Cainiao.
In the fiscal year 2023, Cainiao Group's external revenue increased by 21%, ranking first among Alibaba's major business groups in terms of growth rate. Currently, Cainiao is preparing for an IPO.
Jiang Fan, who has been in charge of Alibaba's international digital business since January 2022, has been very low-key and rarely appears in the public eye. His last public appearance was two months ago when he attended a quarterly financial analyst meeting as CEO of the International Digital Business Group.
At this meeting, Jiang Fan presented the business situation in a minimalist style, but mentioned growth 9 times in a few words of introduction. According to insiders, Jiang Fan's current focus is indeed on business growth.
One of Jiang Fan's internal labels is the ability to fight, which gives the team clear strategies and directions. Public data shows that starting from July 2022, which is six months after Jiang Fan switched to overseas business, his performance began to exceed expectations. The previous quarter's financial report showed that the revenue of international digital commerce reached 18.541 billion yuan, which is equivalent to Alibaba Cloud.