Alibaba Group is considering completely overhauling its business structure and plan from scratch. Earlier, many of the world’s tech giants took such decisions to keep pace with reality.
Keeping up with the times and adapting to change requires exceptional planning. In that case the business infrastructure needs to be changed.
Alibaba Group of Holdings Limited was established 24 years ago. Currently, the company has taken the initiative to organize itself on a large scale.
The company announced this in a statement on March 28. Daniel Shang, the company’s current chief executive officer, is optimistic about positive changes.
The company is keen to bring about more positive changes to reduce the complexity and length of decision-making. When the company was established in the market in 1999, the business was on a small scale.
Currently, customers are getting various benefits from the company including cloud intelligence services, smart logistics support. Later the company will be consolidated through six units.
The six units are:
1. Digital Media and Entertainment Group
2. Global Digital Commerce Group
3. Local Services Group
4. Taobao Timol Group
5. Kiniao Smart Logistics Group
6. Cloud Intelligence Group
The company will appear in a new form through these six units. Each unit will be managed separately by skilled personnel. The company has taken adequate measures to raise capital from investors.
Since the announcement, the price of Alibaba’s shares in the US market has increased significantly. It seems that Alibaba has taken a landmark step in the history of e-commerce in China.