ALIBABA PUTS ALL E-COMMERCE OPS UNDER ONE UMBRELLA - THE INFORMATION
Alibaba Puts All E-Commerce Ops Under One Umbrella - The Information https://t.co/M6vkbZkRjk
🇨🇳ALIBABA $BABA IS INTEGRATING DOMESTIC AND INTERNATIONAL E-COMMERCE, AIMING AT CREATING BUSINESS CLUSTER THAT COVERS ENTIRE INDUSTRY CHAIN BOTH DOMESTICALLY AND INTERNATIONALLY #CHINA $KWEB $FXI $HXC $DRAG $HSI https://t.co/w5vsZDH7Sf
Alibaba Group Holding Limited (BABA) has announced a significant restructuring of its e-commerce operations, consolidating all its e-commerce activities under one umbrella. This move comes as the company aims to create a business cluster that covers the entire industry chain both domestically and internationally. The announcement follows Alibaba's recent quarterly earnings report, where the company reported a revenue of $33.7 billion, surpassing market expectations, and an adjusted EPS of $2.15, beating analyst estimates of $2.05. The restructuring is part of Alibaba's strategy to enhance its competitive edge in the intensifying e-commerce market.
