Growth In Cloud And E Commerce Drives Alibaba Quarter Revenue Up 10
Under the restructure, the Chinese internet giant has split its global and domestic e-commerce business into two separate units. During the restructure announcement, 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. Starting this quarter, the company has updated its segment reporting to reflect this restructure, which now includes China commerce, international commerce, local consumer services, Cainaio, cloud, digital media and entertainment, and innovation initiatives and others....