Alibaba Forms Six Business Units, Shifts to Holding Company

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After years of pursuing a grow-big-and-dominate approach, Alibaba is now trying divide and conquer.

Commerce Group; the Global Digital Commerce Group; the Cloud Intelligence Group; the Local Services Group; Cainiao Smart Logistics and the Digital Media and Entertainment Group.

“This transformation will empower all our businesses to become more agile, enhance decision-making and enable faster responses to market changes,” Zhang told employees. It’s the biggest corporate update in Alibaba’s 24-year history and comes just as the company’s founder,Alibaba was founded with 18 people in Ma’s apartment in 1999. He was the big personality behind the company’s outsized growth, but

and a year later gave a speech that was critical of financial regulators and ultimately cost him what would have been a record breaking $37 billion IPO for the fintech giant Ant.Alibaba went public in New York in 2014 and has proved to be a potent force — a super app that combines services similar to Amazon, Netflix, UPS and more — but with size comes complexity, and Wall Street investors seemed keen to get a closer look at the company’s individual parts.

 

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Alibaba to break up business into six units, seek IPOs | CNN BusinessAlibaba Group plans to split its business into six main units covering e-commerce to cloud in the biggest restructuring of its 24-year history. This a great move and will hopefully set an example for Amazon, Facebook, Microsoft, Google and co. It is time that these companies break themselves or face monopolistic oversight.
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Alibaba will split into six units, reshaping Jack Ma's business empire | CNN BusinessAlibaba on Tuesday said it plans to split its business into six separate units, in a move that promises to radically reshape the sprawling Chinese e-commerce firm that Jack Ma founded nearly 25 years ago. Just call cable news CNN TRUMPNN :that’s all they cover now same withMSNBC Trump all the time Check it out 🤔
แหล่ง: CNN - 🏆 4. / 95 อ่านเพิ่มเติม »

Factbox: How Alibaba's six new business units stack upChinese e-commerce giant Alibaba Group , announced on Tuesday it will split into six business units, each with its own CEO and board of directors, and adopt a holding company management model, in the biggest revamp of its 24 year history. We are absolutely thrilled to read up on Alibaba's six new business units, it's not like we have anything else to do in this world. Thank you
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Alibaba to overhaul into six units while retaining stock-market listings: reportAlibaba will overhaul its operations, the South China Morning Post reported, citing a letter to employees. The company will reorganize into six independently...
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »