Mar 29, 2023 08:49 AM

CX DAILY

CX Daily: Alibaba Splits Into Six Business Units in Sweeping Overhaul

Alibaba reaffirmed Tuesday a cost-cutting strategy to shore up the bottom line

Alibaba reaffirmed Tuesday a cost-cutting strategy to shore up the bottom line

Alibaba /

Alibaba splits into six business units in sweeping overhaul

Alibaba Group Holding Ltd. unveiled a historic business overhaul Tuesday under which the e-commerce giant will split its $220 billion business into six units with independent decision-making on financing and share sales.

The reorganization, the largest in 24 years since Jack Ma established Alibaba, will transform the enterprise into a holding company, similar to Google’s restructuring as Alphabet.

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