News this week: China’s leading e-commerce company Alibaba
Group announced the organisational restructuring of the company into seven
major business groups. The sub-business groups will comprise of: Taobao.com, eTao, Tmall.com,
and Juhuasuan; Alibaba
International Business Operations (formerly the international unit of Alibaba.com); Alibaba Small Business
Operations (the domestic unit of Alibaba.com); and AliCloud. The presidents of the seven
business groups will report directly to Alibaba Group chairman and CEO Jack Ma.
This is the first
reorganisation since Alibaba.com was privatised a month ago. Alibaba’s online
payment division, Alipay, will remain an
affiliate of the Alibaba Group. The company’s management aims to establish “unified
data, safety, risk management and technology foundation” through the
restructuring, with more emphasis placed on implementing company-wide management
and I.T. systems.
Mr Ma was quoted in an
internal company e-mail, “We must accelerate the implementation of the ‘One
Company’ strategy and effectively integrate the China Business Unit with Taobao
marketplace so as to truly create a mechanism for openness, synergy and sharing.”
This post is excerpted from BSG's weekly e-newsletter
which is part of our subscription research service, BSG Tracker. Visit our website
to find out more about this service. You can also follow us on Twitter
for all the latest updates.
No comments:
Post a Comment