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Alibaba splits up Chinese and international businesses to tap new growth opportunities

December 10, 2021
Source: fashionnetwork.com fashionnetwork.com
News Snapshot:
Alibaba splits up Chinese and international businesses to tap new growth opportunities Faced with an erosion of its growth on the domestic market, [Alibaba](/tags-alibaba) has announced the creation of two separate divisions for its Chinese and international activities. The aim is that Alibaba’s performance outside China should become a growth driver for the Chinese e-commerce giant. The announcement was made by CEO Daniel Zhang in a letter addressed to the group’s staff, published by Alibaba’s corporate news organization, Alizila. Alibaba has created a new division called International Digital Commerce, led by Jiang Fan, who joined the group in 2013 and...
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