Nov. 22, 2024
Alibaba Establishes E-commerce Business Group to Integrate Domestic and Overseas Operations
TMTPOST -- Alibaba Group CEO Wu Yongming announced in an internal email that the company is forming a new E-commerce Business Group to integrate its domestic and international e-commerce operations. Jiang Fan has been appointed to lead the group and will report directly to Wu Yongming. The new E-commerce Business Group will consolidate multiple key units, including the Taobao Tmall Group, the International Digital Commerce Group, and platforms such as 1688 and Xianyu. The goal is to create a comprehensive business cluster that spans the entire e-commerce value chain across domestic and global markets. This strategic move reflects Wu Yongming’s vision for leveraging Alibaba’s domestic and international resources to drive synergistic growth in the e-commerce sector. The restructuring marks a significant step in aligning Alibaba’s operations to better compete in the global marketplace.
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