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Digital Economy

Alibaba's Digital Economy Announces Completion of a New Round of Organizational Upgrades

July 12, 2019 3:11 pm

Beijing (PingWest)—Alibaba's digital economy announced the completion of the latest round of organizational upgrades. However, the e-commerce behemoth did not disclose the specific upgrade details and personnel changes.

According to a letter from Alibaba’s CEO to shareholders in 2018, the company has evolved from an e-commerce company into a digital economy that is unique, energetic and innovative, with their businesses spanning commerce, logistics, entertainment, cloud computing and finance, among other sectors.

Daniel Zhang, CEO of the company, said, "Alibaba's digital economy has been initially integrated, and the organizational structure for future innovation is upgraded. Next step, we will focus on the efficiency and vitality of the organization."