Alibaba to revamp into 25 groups
By Ding Yining |
January 11, 2013, Friday
|
Print Edition
Print Edition
CHINA'S largest e-commerce company Alibaba Group said yesterday it will restructure its business into 25 groups as part of efforts to improve efficiency and better share resources within the fast-expanding company.
Chairman Jack Ma said in an open letter that the restructuring would allow the company to better face the challenges in the mobile Internet era and allow more flexible collaboration.
"This will allow Alibaba to have better flexibility and help reshape employees' creativeness," Ma wrote.
The group has also set up a strategic committee and an executive management committee to take care of the group's major decisions.
But the restructuring didn't include Alibaba's finance unit and its payment arm Alipay, and industry watchers said the two units would probably seek a listing in the future.
Chairman Jack Ma said in an open letter that the restructuring would allow the company to better face the challenges in the mobile Internet era and allow more flexible collaboration.
"This will allow Alibaba to have better flexibility and help reshape employees' creativeness," Ma wrote.
The group has also set up a strategic committee and an executive management committee to take care of the group's major decisions.
But the restructuring didn't include Alibaba's finance unit and its payment arm Alipay, and industry watchers said the two units would probably seek a listing in the future.
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