Chen Hang may return to Alibaba and join Alibaba International Digital Group

On August 28, people close to Alibaba revealed to us that under the promotion of Alibaba’s new CEO Wu Yongming, Alibaba is conducting acquisition negotiations with Two Hydrogen and One Oxygen, with the intention of absorbing Chen Hang (nickname: 无Recruit ) and its core team.

If the integration is successful, Chen Hang’s team will be merged into Alibaba International Digital Group. Judging from the business scope of Hydrogen and Oxygen and the investors behind it, this statement may not be unfounded

Chen Hang is DingTalk The founder of Alibaba is also a key figure in Alibaba’s To B business. In 2021, Chen Hang left DingTalk and founded a company called Two Hydrogen and One Oxygen, focusing on cross-border overseas expansion. The company’s business scope includes licensed project technical services, technology development and technical consulting

According to public information, Yuanjing Capital, Shenjian Capital and IDG Capital are the investors behind Two Hydrogen and One Oxygen. Among them, Yuanjing Capital has a close relationship with Alibaba. The founder of this capital, Wu Yongming, was the newly appointed CEO of Alibaba Group in June this year and is also one of Jack Ma's most trusted technical leaders. With the strong support of Alibaba, the initial valuation of Two Hydrogen and One Oxygen reached 3 billion yuan

Wuzhao appeared as an entrepreneur at the DingTalk 2023 Ecological Conference on August 23 this year. He shared his three thoughts on DingTalk. This move triggered speculation in the industry as to whether Wu Zhao will return

Regarding the above news, ifeng.com Technology has sought verification from Alibaba, but has not received a reply so far

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