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Alibaba, one of the internet giants from China, is now doing some structuring on the company, at the same time showing Alibaba combining all e-commerce operations under one special division.
This special division will bring together several Alibaba-owned assets and platforms, including Taobao, Tmall, Lazada and even AliExpress. This e-commerce division will be led by Jiang Fan.
Alibaba itself is said to be facing challenges in expanding their e-commerce business - not to mention the economic situation in China. In addition, they also receive competition from TikTok Shop and Temu.
In addition to the e-commerce division, Alibaba also has a number of other business services under them, including involving cloud services, logistics, and also digital media.