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Alibaba to undergo restructuring

Nov 26, 2018 by The Passage Team
Alibaba to undergo restructuring

Alibaba chief executive Daniel Zhang Yong on Monday announced that Alibaba would be restructuring its Tmall e-commerce business and upgrading its Alibaba Cloud business unit as they become more strategically important.

As part of the reorganisation, Tmall will now include the e-commerce platform, Tmall Supermarket, and Tmall’s import and export business, according to the statement posted on Alibaba’s official Weibo account.

The renamed Alibaba Cloud Intelligence business group will now be overseen by Alibaba chief technology officer Jeff Zhang Jianfeng, who will also serve as its president, replacing Simon Hu Xiaoming. A New Retail technology business group will also be set up, to be overseen by Wu Zeming. The Alibaba Cloud Intelligence platforms are part of a strategy to establish smart technology infrastructure for the digital economy era.

Source: South China Morning Post

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