Alibaba Consolidates E-commerce Businesses Under Single Unit

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Alibaba Consolidates E-commerce Businesses Under Single Unit

MT Newswires Live11-21 19:54

Alibaba Group (BABA) said Thursday in a Hong Kong Stock Exchange filing that it has established Alibaba E-commerce Business Group that will consolidate its e-commerce businesses, including Taobao and Tmall Group, Alibaba International Digital Commerce Group, 1688 Marketplace, and Idle Fish.

Alibaba said the new group will oversee domestic and international supply chains and named Fan Jiang the Chief Executive Officer.

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