HONG KONG—Alibaba Group Holding Ltd.’s chief govt, Daniel Zhang, is devolving energy to the heads of the corporate’s enterprise models to turn out to be extra agile in tackling rising challenges and doubtlessly open the way in which for spinoffs, individuals aware of the matter stated.
Mr. Zhang, additionally chairman of the web big, is delegating extra duty to presidents at every enterprise line—from location-based providers to cloud computing—who now operate as “mini-CEOs,” the individuals stated. The technique is meant to hurry up determination 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 massive platforms.