Alibaba Restructures Amidst Cloud Computing Push and Growth
November 26, 2018 / Ali Longwell
Alibaba Group Chief Executive Daniel Zhang announced that the company would be restructuring its cloud business unit and its Tmall e-commerce business. This comes just weeks after Zhang told CNBC that Alibaba Cloud would be the group’s main business in the future. Alibaba will rename its cloud group the Alibaba Cloud Intelligence business group. The renamed group will be overseen by Alibaba Chief Technology Officer Jeff Zhang Jianfeng who will replace Simon Hu Xiaoming as its president. It also formed a New Retail technology business group that will be overseen by Wu Zeming, who formerly oversaw Tmall’s technology unit. The New Retail group will integrate technological support for online shopping websites as well as off-line shopping.