On May 23, Alibaba Group released its 2024 annual report. On the occasion of the first anniversary of Alibaba's self transformation, in the first co signed letter to shareholders, Alibaba Group Chairman Cai Chongxin and CEO Wu Yongming elaborated on "who Alibaba is" in the new development stage and why they have made the decision of "putting users first." The strategic trade-off of "AI driven" and sharing Alibaba's development strategy and how to invest in the future.