Alibaba CEO Takes Direct Control of New AI Business Unit
Alibaba CEO Takes Direct Control of New AI Business Unit
Publish Date: 2026-06-08 19:02:00
Source Domain: www.pymnts.com
- Alibaba Group has established a new business unit called Token Foundry as part of a reorganization to bolster its artificial intelligence (AI) efforts.
- Token Foundry will combine Tongyi Lab and Future Life business units and operate under the recently formed Alibaba Token Hub.
- It will be directly led by Alibaba CEO Eddie Wu.
- The Alibaba Token Hub focuses on AI tokens, model-as-a-service offerings, and enterprise AI products.
- Alibaba also announced the creation of an AI Future Research Institute and highlighted the growth of AI-related revenues, which currently account for 30% of Alibaba’s Cloud Intelligence Group revenue and are projected to exceed 50% in the next year.
- Eddie Wu emphasized the transformative growth and commercialization of AI at Alibaba, particularly in training, inference, and agent orchestration.
