Alibaba establishes a new AI business group named Token, directly led by Wu Yongming

WealthCoffee · 2026-03-16T14:11:38+00:00

Alibaba announced the establishment of Alibaba Token Hub (ATH) business group, integrating multiple AI departments to enhance AI business capabilities. Alibaba CEO Wu Yongming emphasized that with AGI on the eve of breakthrough, the company will focus on token creation, delivery, and application to support future digital work.

WealthCoffee

2026-03-16 14:11:38

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Caixin Alibaba advances organizational restructuring and boosts AI business. On the evening of March 16, Alibaba (09988.HK) announced the establishment of the Alibaba Token Hub (ATH) business group, integrating the original Tongyi Laboratory, MaaS business line, Qianwen Business Unit, Wukong Business Unit, and AI Innovation Business Unit. The group covers everything from foundational model development and model service platforms to AI application services for individuals and enterprises, directly overseen by Alibaba CEO Wu Yongming.

“Currently, we are on the eve of an AGI explosion. A vast number of digital tasks will be supported by hundreds of billions of AI Agents, which will operate based on tokens generated by models, becoming the main medium for human interaction with the digital world,” Wu Yongming stated in a public letter. Facing this opportunity, Alibaba has decided to establish ATH, with the core goals of creating tokens, delivering tokens, and applying tokens.

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