This structural adjustment of Alibaba has broken the boundary between B and Taobao businesses, which is the first time in Alibaba's 20-year history. The original division between B (merchants) and C (consumers) has been changed to internal and external (domestic and foreign). The boundary between retail and trade has been broken, which shows how strong the adjustment is. Behind this is the deep integration of consumer Internet and industrial Internet. Alibaba's business capabilities will better improve supply-side efficiency and serve the real economy