According to media reports, this Monday Alibaba Group Holding said it was reorganizing its international and domestic e-commerce businesses and would appoint Toby Xu as a new chief financial officer.

    The changes come as Alibaba faces headwinds on multiple fronts, including increased competition, a slowing economy and a regulatory crackdown.

     Alibaba said it would form two new units to house its main e-commerce businesses — international digital commerce and China digital commerce, in a bid to become more agile and accelerate growth.

The international digital commerce unit will house Alibaba’s overseas consumer-facing and wholesale businesses, and include AliExpress, Alibaba.com and Lazada. The unit will be headed by Jiang Fan, whose had been president of the Taobao and Tmall marketplaces.

        About Alibaba

    Alibaba Group Holdings Co., Ltd. (Chinese abbreviation: Alibaba, English: Alibaba) is a company founded in 1999 in Hangzhou, Zhejiang Province by 18 people headed by Jack Ma. Alibaba Group operates a number of businesses and also obtains support for operating the business ecosystem from the businesses and services of affiliated companies. Business and related companies include: Taobao, Tmall, Juhuasuan, AliExpress, Alibaba International Market, 1688, Alibaba, Alibaba Cloud, Ant Financial, Cainiao.com, etc.

    On the first ranking of “Daguan· Keweiwei World Brand Value Top 900”, Alibaba ranks 39th with brand value 587.369 billion RMB.

Author:   Nan

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