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How did Alibaba reorganize its business structure in 2023?
In March 2023, Alibaba announced their "1+6+N" restructuring plan, which reorganized its business structure into six independently run entities: Cloud Intelligence Group, Taobao and Tmall Group, Cainiao Smart Logistics Network, Local Services group, Alibaba International Digital Commerce, and the Digital Media and Entertainment group.Why did Alibaba outperform eBay in the Chinese e-commerce market?
By applying existing technologies, gaining trust in the Chinese e-commerce market, and expanding through dominating the market at a loss before making a return on additional services, Alibaba's subsidiaries outperformed eBay in the Chinese e-commerce market, claiming a growing percentage of consumers from eBay.Did Alibaba deliver winter supplies from China to Türkiye victims?
Alibaba helped deliver winter supplies from China to victims in Türkiye. Alibaba Group announced a new organizational and governance structure to empower all its businesses to become more agile in response to market changes and better positioned to seize market and industry opportunities.