SHANGHAI/HONG KONG: Alibaba Groups restructuring will allow all its business units to become more agile and enhance faster decision-making and responses to market changes, the tech conglomerates chief executive Daniel Zhang said on Thursday.
Alibaba began laying the groundwork for the restructuring over the past few years, he told a conference call, adding in future the Jack Ma-founded company will be more in the nature of an asset and capital operator than a business operator.
Zhangs comments come two days after Alibaba announced its largest restructuring in the companys history, which will see it change into a holding company structure with six business units, each with their own boards and CEOs.
The restructuring also opens up the pos…
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