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Alibaba Reshuffles E-Commerce Groups Amid Competitors, Slowing Progress

Alibaba Reshuffles E-Commerce Groups Amid Competitors, Slowing Progress

Alibaba Group Holding Ltd. stated it might reorganize its e-commerce groups and appointed a brand new chief monetary officer, because the tech large faces growing competitors in China, slowing development and a plummeting inventory worth.

The corporate stated Monday that its varied Chinese language e-commerce models can be mixed into one from subsequent 12 months, and that it might kind a brand new worldwide digital commerce staff.

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