[Alibaba Establishes New AI Division, Led by Group CEO Wu Yongming] Alibaba announced the merger of the Tongyi Large Model Division and the Future Life Lab to establish the Token Foundry Division, personally led by Group CEO Wu Yongming. This marks Alibaba's third major AI organizational adjustment since the establishment of the Alibaba Token Hub (ATH) business group in March this year. (21st Century Business Herald)