BABA(US:BABA) Sou Hu Cai Jing·2025-06-23 08:58Group 1 - Alibaba Group CEO Wu Yongming announced the merger of Ele.me and Fliggy into Alibaba's China e-commerce business group, with Fan Yu continuing as Chairman and CEO of Ele.me and Nan Tian as CEO of Fliggy, both reporting to Jiang Fan [1][4] - This merger represents a strategic upgrade from an e-commerce platform to a large consumer platform, focusing on optimizing business models and organizational structures from the user's perspective to enhance consumer experience [2][4] - The new e-commerce business group, established on November 21, 2024, will integrate various e-commerce operations including Taobao, Tmall, and international digital commerce, creating a comprehensive business cluster covering the entire domestic and international supply chain [2] Group 2 - The recent collaboration between Taobao Flash Sale and Ele.me has demonstrated significant business potential, leading Alibaba to increase investment and resource integration, particularly in the instant retail sector [2] - As of June 23, 2023, the daily order volume for the Alibaba instant retail business has exceeded 60 million, just under two months since the launch of Taobao Flash Sale on May 2, 2023 [2]