- Alibaba will form two new units to house its main domestic and international e-commerce businesses.
- The company announced deputy CFO, Toby Xu, will succeed current CFO Maggie Wu from April.
- The changes come as Alibaba faces headwinds on multiple fronts.
Alibaba Group Holding Ltd. said on Monday it was reorganizing 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.
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 consumer-facing and wholesale businesses, and include AliExpress, Alibaba.com, and Lazada. The unit will be headed by Jiang Fan, formerly president of the Taobao and Tmall.com marketplaces.
Alibaba will house its domestic commerce businesses in the China digital commerce unit which will be led by Trudy Dai, a founding member of Alibaba, it said.
The company’s deputy chief financial officer, Toby Xu, will succeed Maggie Wu as the company’s chief financial officer from April, it said, describing his appointment as part of the company’s leadership succession plan.
Xu joined Alibaba from PWC three years ago and was appointed deputy CFO in July 2019.
Wu, who helped lead three Alibaba-related company public listings as CFO, will continue to serve as an executive director on Alibaba’s board.
The e-commerce giant’s Hong Kong-listed shares slid 8% in early morning trading, tracking Friday declines made in the United States. US-listed shares of Chinese firms tumbled on concerns about stricter regulatory scrutiny at home in the wake of plans by Didi Global Inc. to delist from the New York Stock Exchange.
Last month the company slashed its forecast for annual revenue growth to its slowest pace since its 2014 stock market debut and saw sales at its banner event, online shopping festival Singles Day, grow at their slowest rate ever.
I’m really enjoying the design and layout of your site. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a developer to create your theme? Superb work!
Attenuated proliferation and trans-differentiation of prostatic stromal cells indicate suitability of phosphodiesterase type 5 inhibitors for prevention and treatment of benign prostatic hyperplasia buy real cialis online
cialis online generic Best of all, Cialis online prices are reasonable
Nenonen A, Cheng, S, Ivaska, K, K buy online cialis C, Positive cell counts for Fluoro Jade staining and activated caspase 3 are higher when SAH is induced at ZT11, relative to ZT23 in sm Bmal1 KO mice n 10 11
who manufactures stromectol Some are side effects of current medication, some are the after effects of the various treatments
Here are two in particular that they might be on the lookout for fertility pills online
In fact, according to the National Cancer Institute, as compared to normal weight women, post menopausal women who are obese have an increased risk for breast cancer by 20 40 9 do i need a doctor prescription to buy priligy Although the usage of albumin is still controversial, previous studies testified that the a low level of serum albumin was an independent prognostic factor adversely affecting survival for non ovarian cancer patients with MA 43, 44
I came to this site with the introduction of a friend around me and I was very impressed when I found your writing. I’ll come back often after bookmarking! baccarat online
write essays online buy arava sale oral azulfidine 500mg
buy doxycycline doxycycline 200mg uk cleocin buy online
best darknet markets deep dark web