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Alibaba Restructures into 6 Distinct Businesses to Drive Agility and Shareholder Value

Alibaba Group is undergoing the most significant restructure in its 24-year history with plans to split the company into six groups, each…

Reports: Chinese Ecommerce Player Pinduoduo Launches U.S. Site

Pinduoduo has made its most aggressive move yet into non-Chinese markets with the Sept. 1, 2022 launch of its Temu site, according…

Alibaba Separates International and Domestic Commerce Operations, Names New CFO

Alibaba Group has reorganized its consumer and wholesale commerce divisions and named current Deputy CFO Toby Xu to succeed Maggie Wu as…

China’s Antimonopoly Fine Leads to First Quarterly Loss for Alibaba Since Going Public

The number of active users on Alibaba Group’s ecommerce platforms topped 1 billion for the first time in fiscal year 2021, but…

Buoyed by 11.11 Festival, Alibaba Posts Strong Q3 with Revenue Up 37%

Alibaba Group recorded revenue of RMB 221 billion ($33.9 billion USD) in Q3 2020, a period that included the annual Singles’ Day…

Alibaba Strengthens Presence in Thailand With $320 Million Investment

Alibaba is investing $320 million in the Thai government’s Eastern Economic Corridor, according to Reuters. The deal will strengthen the presence Alibaba…

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