(Reuters) Alibaba Group Holdings will reorganize its domestic and international operations as the tech giant focuses on being more agile and competitive.
The restructuring move will see Alibaba form two new units, which are China digital commerce and international digital commerce.
The international digital commerce includes AliExpress, which mainly focuses on European and South American markets, and globally-oriented Alibaba.com. Jiang Fan, who headed Alibaba’s main retail marketplaces in China, will lead the unit.
The China digital commerce includes Alibaba’s specialized marketplace for established brands Tmall and Taobao that serves all merchants. Trudy Dai, who previously led several Alibaba platforms, will head the domestic unit.
The Chinese e-commerce giant also announced Toby Xu as the company’s new CFO starting April, replacing Maggie Wu. Xu previously served in the deputy chief financial officer position.
Alibaba’s restructuring is seen to make globalization an area of focus as the e-commerce giant makes inroads into cloud computing amid a slowing Chinese economy and government crackdown.
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