- Alibaba Group Holding Ltd (NYSE:BABA) today unveiled a major management reshuffle where Maggie Wu, the Group’s CFO was put in charge of strategic investments.
- The Chinese e-commerce giant also merged DingTalk, its software enterprise division, with the cloud division amid a restructuring of its business units.
The changes come as the Chinese company shifts its focus to other investments, amid a growth peak and slower revenue growth within its main e-commerce business.
The move aims to integrate Alibaba’s investments in businesses such as cloud computing, into its primary operations as Jack Ma retires on the 10th of September.
Daniel Zhang, Alibaba’s CEO, said: “To guarantee innovation, invest in our future, Alibaba is undertaking an organizational upgrade.”