Eileen Yu, Contributor
Eileen Yu began covering the IT industry when Asynchronous Transfer Mode was still hip and e-commerce was the new buzzword. Currently an independent business technology journalist and content specialist based in Singapore, she has over 20 years of industry experience with various publications including ZDNet, IDG, and Singapore Press Holdings.
Posted in By The Way
on December 7, 2021
| Topic: E-Commerce
Alibaba Group has unveiled a major restructuring plan that will see the Chinese internet giant split its global and domestic e-commerce businesses into two separate units. Citing the need for agility, it also announces several leadership appointments, including a new CFO who will assume his new role in April next year.
Alibaba said it would focus its investment on the “two strategic pillars” to better drive synergies across its consumer and wholesale commerce platforms in China as well as internationally.
Its chairman and CEO Daniel Zhang said in a letter to employees the company’s International Digital Commerce unit would pull together its overseas e-commerce and wholesale businesses, including Lazada, Alibaba.com, and AliExpress.