Alibaba Merges Global and Domestic eCommerce Businesses

Chinese conglomerate Alibaba is combining its domestic and international eCommerce businesses into one unit.According to a Thursday (Nov. 21) securities filing, the new Alibaba E-commerce Business Group melds together the company’s Taobao and Tmall Group and the Alibaba International Digital Commerce (AIDC) Group.Fan Jiang, CEO of Alibaba International Digital Commerce Group, will become chief executive of the new business.A report by Reuters notes that Alibaba CEO Eddie Wu announced the change in a message ...