Alibaba’s new CEO mulls focus on users, AI tech

News Snapshot:

Alibaba (NYSE:BABA) will focus on two main themes going forward, "user first" and "AI-driven" according to new group CEO Eddie Wu Yongming, as the company faces shifting internet landscape and growing competition. "As traditional internet models become increasingly homogeneous and face the competitive pressures of saturation, new technologies such as AI are emerging as the new engine of global business growth," WU said in an internal letter sent to employees on Tuesday, The South China Morning Post reported. The letter comes two days after Wu took over as acting chairman and CEO of Alibaba Cloud Intelligence Group after former CEO...