Update: Alibaba Group Forms E-commerce Business Group

MT Newswires Live00:56

(Updates first paragraph to clarify the unit CEO appointment)

Alibaba Group (HKG:9988 established Alibaba E-commerce Business Group and appointed Fan Jiang as its chief executive officer, a Thursday bourse filing said.

The newly formed unit will integrate Taobao and Tmall Group, Alibaba International Digital Commerce Group, the 1688 Marketplace, Idle Fish and others.

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