Alibaba integrated domestic and international e-commerce businesses, appointing a new leader to welcome the most important battle.
Jiang Fan will serve as the CEO of Alibaba's new e-commerce business group.
alibaba spent $39.99 million on November 20 to repurchase 3.68 million shares.
On November 21, Ge Long Hui announced that alibaba-SW (09988.HK) spent $39.99 million to repurchase 3.68 million shares on November 20.
Update: Alibaba Group Forms E-commerce Business Group
What does Alibaba's 'making big' in e-commerce mean? |K Commentary
Alibaba's current adjustment continues the global strategy of focusing on e-commerce business and AI technology since Daniel Zhang took over as Alibaba Group CEO last year. Some industry insiders analyzed that based on previous major adjustments by Alibaba, it is expected that the integrated e-commerce business group will further adjust its organizational structure and team management.
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