On March 28, Zhang Yong, Chairman and CEO of Alibaba Group, announced the most important organizational change decision of Alibaba in the 24 years since its establishment: to build a "1 + 6 + N" organizational structure, that is, under Alibaba Group, six business groups and multiple business companies, including Alibaba Cloud Intelligence, Taobao Tmall Business, Local Life, International Digital Business, Cainiao, and Big Entertainment, will be established, and the boards of directors of each business group and business company。