Morning News Huawei may return to the global mobile phone market, Zhang Yong steps down as CEO of Alibaba Cloud

'Morning news Huawei may re-enter global mobile phone market, Zhang Yong resigns as CEO of Alibaba Cloud'

【Phoneauto Morning News】Recently, there have been reports that Huawei not only plans to return to the domestic market, but also intends to re-enter the global mobile phone market. On the morning of September 10th, at the 2023 Pujiang Innovation Forum, He Dongfeng, Chairman of Commercial Aircraft Corporation of China, shared the innovative development path of Chinese large aircraft and mentioned the news of the domestically-produced large aircraft C919 and the new aircraft C929.

On the evening of September 10th, Jack Ma, Chairman of Alibaba Group, announced in a company-wide letter that the planned handover of management duties within the group had been completed on that day. He would take over as Chairman of the Board, and Yongming Wu would assume the position of Group CEO. According to GWM’s official WeChat account, on September 7th local time, the GWM brand and Haval H6 HEV launch event with the theme “Hello Tomorrow” was held in Mexico City, the capital of Mexico. This marks the official entry of GWM into the Mexican market and the start of operations.

According to “Caijing”, the release of Huawei Mate60 Pro is seen as the beginning of Huawei’s return to the mobile phone market. Multiple sources close to Huawei have confirmed to “Caijing” that Huawei has launched a comprehensive plan to return to the global mobile phone market, with a focus on the domestic market first and the overseas market later. Over the past three years, multiple technological breakthroughs have laid the foundation for this comeback, and the follow-up will involve products, channels, and markets. A middle-level Huawei employee revealed that the company’s profit target for the first half of this year has already been achieved in the Chinese market. His view is that it is not a problem for Huawei’s mobile phones to return to their peak period, and the team can “regain their position”.

He Dongfeng said that the development of aviation industry is a history of human technological innovation. Currently, a large aircraft consists of millions of parts, with 100,000 takeoffs and landings every day and transporting 4 billion passengers annually. Since its establishment in 2008, Commercial Aircraft Corporation of China has formed a product line mainly consisting of ARJ21, C919, and C929. He Dongfeng revealed that the number of C919 orders has reached 1,061, with 2 aircraft delivered. The new aircraft C929 is planned to have 250 to 350 seats and a range of 12,000 kilometers, and it is in the preliminary design stage.

Cai Chongxin, on behalf of Alibaba Group, used the words “remarkable achievements” to highly praise and thank Zhang Yong for his dedication and contribution to the company over the past 16 years. The Alibaba Board of Directors has accepted Zhang Yong’s request to step down as Chairman and CEO of Alibaba Cloud, and this position will be held concurrently by Group CEO Wu Yongming. Alibaba will invest $1 billion to support Zhang Yong in establishing a future-oriented technology fund and will also award him the first-ever “Meritorious Alibaba Person” honorary title.

At this press conference, Great Wall Motors officially launched the GWM brand. Positioned as “clean, safe, and intelligent,” the GWM brand aims to bring products with a sense of future and technology to Mexican consumers and promote the upgrading of the local automotive industry through “new energy vehicles + five-star safety standards + innovative user experience.” Great Wall also introduced its first model, the Haval H6 HEV, to the Mexican market. As a global star model of Great Wall Motors, the Haval H6 has sold over 4 million units worldwide. Great Wall stated that it will work with 24 dealerships and open 40 stores by the end of the year.

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