The changes come as Alibaba faces headwinds on multiple fronts, including increased competition, a slowing economy and a regulatory crackdown
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.
The changes come as Alibaba faces headwinds on multiple fronts, including increased competition, a slowing economy and a regulatory crackdown.
The e-commerce giant's Hong Kong-listed shares slid 8% in early morning trade.
Alibaba said it would form two new units to house its main e-commerce businesses - international digital commerce and China digital...read more