HONG KONG—Alibaba Group Holding Ltd.’s chief govt, Daniel Zhang, is devolving energy to the heads of the corporate’s enterprise items to develop into extra agile in tackling rising challenges and probably open the way in which for spinoffs, folks conversant in the matter stated.
Mr. Zhang, additionally chairman of the web big, is delegating extra accountability to presidents at every enterprise line—from location-based providers to cloud computing—who now operate as “mini-CEOs,” the folks stated. The technique is meant to hurry up choice making so every division can higher fend off competitors, revitalize flagging gross sales and reshape its monolithic picture within the wake of Beijing’s regulatory crackdown on large platforms.