Alibaba Restructures To Split Global Local E Commerce Businesses
Alibaba said it would focus its investment on the “two strategic pillars” to better drive synergies across its consumer and wholesale commerce platforms in China as well as internationally. Its chairman and CEO Daniel Zhang said in a letter to employees the company’s International Digital Commerce unit would pull together its overseas e-commerce and wholesale businesses, including Lazada, Alibaba.com, and AliExpress. Alibaba’s recent quarterly earnings put its international annual active consumers at 285 million, while its domestic annual active consumer base clocked at 953 million....