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 named Token Foundry as part of its reorganization to bolster its AI efforts.
- Token Foundry will merge Alibaba’s Tongyi Lab and Future Life business units, operating under the new Alibaba Token Hub.
- The unit will be directly led by Alibaba CEO Eddie Wu.
- The Alibaba Token Hub focuses on the creation, delivery, and application of AI tokens, as well as oversight of Alibaba’s model-as-a-service offerings and enterprise AI products.
- AI represents a growing share of Alibaba’s revenue, with AI-related product revenue now constituting 30% of the Cloud Intelligence Group’s revenue and expected to surpass 50% in approximately a year.
