Alibaba’s Daniel Zhang launches restructuring hot on the heels of US$30.8bn Singles’ Day record

  • The reorganisation highlights the increasing importance that Alibaba is placing on its cloud, cross-border e-commerce and New Retail businesses

Daniel Zhang Yong, chief executive of Alibaba Group Holding, talks to the media during the company’s Tmall 11.11 Global Shopping Festival in Shanghai on November 11. Photo: SCMP
Alibaba Group Holding chief executive Daniel Zhang Yong on Monday announced that the company 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. Alibaba is the parent company of the South China Morning Post.

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