Alibaba integrates e-commerce platforms in restructuring
Alibaba Group CEO Wu Yongming yesterday announced in an internal email the establishment of the Alibaba E-commerce Business Group, appointing Jiang Fan as its head, reporting directly to Wu. The new business group will fully integrate Taobao Tmall Group, the International Digital Commerce Group, and other e-commerce platforms such as 1688 and online flea market platform Goofish, creating a business cluster that spans the entire domestic and international e-commerce value chain. Wu stated that the creation of this new e-commerce business group reflects a strategic initiative to leverage domestic and international resources for future growth in the e-commerce sector.