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Mar 29, 2023 · Hangzhou, China, March 29, 2023 – Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) announced a new organizational and governance structure to empower all its businesses to become more agile, enhance decision making, enable faster responses to market changes, and promote innovation to capture ...
Apr 4, 2023 · Alibaba announced on 29 March 2023 its plan to form six business groups and other investment segments, each to be independently managed by its own CEO and board of directors. We believe the new organisational and governance structure can create value to the company.
Starting from the quarter ended June 30, 2023, we have implemented a new organizational and governance structure, under which we are a holding company of six major business groups and various other businesses, with each business operating with a high degree of independence (the “Reorganization”). The six major business groups are:
- Cross-Border Commerce
- E-Commerce
- Express Logistics
- Omnichannel Retail
- Online Grocery
- Other
Alibaba has formed several strategic partnerships via its logistics arm, Cainiao, to reach shoppers outside of China (as well as to connect foreign brands with Chinese customers). The company is particularly focused on less-mature markets where it can capture new growth. It has partnered to enable cross-border logistics and shipping to South Americ...
Alibaba’s investments in e-commerce platforms have focused on growing its reach in high-growth markets and in key product categories. For instance, over the last 2 years, the retailer increased its stakes in Turkey-based online fashion marketplace Trendyolas well as in Singapore-based mass online marketplace Lazada. In addition to the potential for...
In recent years, Alibaba has increased its ownership stakes in the biggest express logistics companies in China. The companies offer fast logistics and delivery capabilities and have grown dramatically as a result of an increase in the use of e-commerce across China. Notably, the company fully acquired China-based logistics provider ALOGin August 2...
Alibaba continues to focus on grocery as a key building block for its store footprint and New Retail online-to-offline strategy. Since 2016, Alibaba has run its high-tech supermarket Freshippo, which deploys tech like electronic shelf labels, facial recognition, and robotics to enable more efficient shopping in stores as well as faster delivery. Th...
Alibaba’s online grocery initiatives offer the company more ways to make New Retail connections between stores and online. They also enable the company to take advantage of the growth in online grocery, which expanded in China during the pandemic. Its investments have reached across the grocery value chain. For instance, in February 2021, Alibaba t...
Beyond these 5 strategic focus areas, Alibaba has made noteworthy investments, partnerships, and acquisitions across a range of other categories. E-commerce enablement:In July 2020, Alibaba invested in the Australia-based cross-border payments processor Airwallex. Then in March 2021, the company invested $30M in China-based Leyan Tech, which makes ...
May 18, 2023 · HANGZHOU, China-- ( BUSINESS WIRE )--Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced its financial results for the quarter and...
May 18, 2023 · Under the new structure, Alibaba will follow a holding company management model, while each of the units will be managed by its own chief executive and board of directors.
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Jun 27, 2024 · Under the new structure, Alibaba will follow a holding company management model, while each of the units will be managed by its own chief executive and board of directors. The six units covers cloud intelligence, Taobao Tmall commerce, local services, Cainiao smart logistics, global digital commerce, and digital media and entertainment.
