December 6, 2021

Alibaba overhauls e-commerce businesses, appoints new CFO

Alibaba Group Holding Ltd said on Monday it was reorganising its international and domestic e-commerce businesses and would appoint a new chief financial officer. (Sign up to our Technology newsletter, Today's Cache, for insights on emerging themes

at the intersection of technology, business and policy. Click here to subscribe for free.) The changes come as Alibaba faces headwinds on multiple fronts, including increased competition, a slowing economy and a regulatory crackdown. Also Read | China slaps $2.8 bn fine on Ma’s Alibaba

Alibaba said it would form two new units to house its main e-commerce businesses - international digital commerce and China digital commerce, in a bid to become more agile and accelerate growth. The international digital commerce unit will house Alibaba’s overseas