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Alibaba integrates e-commerce platforms into a single business unit

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Alibaba integrates e-commerce platforms into a single business unit

Nov 21, 2024 6:21 PM

SHANGHAI, Nov 21 (Reuters) - Alibaba Group ( BABA ) will

integrate all of its e-commerce platforms into a single business

unit to be called the Alibaba E-commerce Business Group, it said

in a stock exchange filing on Thursday.

It marks the first time the group's domestic Chinese

e-commerce group and its international e-commerce platforms will

be integrated.

The new group brings together the Taobao and Tmall Group and

the Alibaba International Digital Commerce (AIDC) Group - which

operated platforms including cross-border player AliExpress and

wholesale B2B site Alibaba.com, in addition to second-hand

platform Xianyu.

AIDC chief Jiang Fan, a former head of Tmall who was demoted

in 2020 following an online scandal, has been tapped to lead the

new unit. He will report to Alibaba Group ( BABA ) CEO Eddie Wu.

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