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Alibaba announced that Taobao will split into three companies

Posted by: | Posted on: February 27, 2017

Taobao before and after the split structure

 

Sina

technology news June 16th noon news, Alibaba group announced that from June 16th the Taobao split into three companies: Amoy network (www.etao.com), taobao.com (www.taobao.com) and Taobao Mall (www.tmall.com); at the same time the Alibaba announced the three company management structure, operation mechanism and the chairman of the president.

Alibaba

group said, as a more accurate and effective customer service, ensure that the Taobao company’s business competitiveness and endogenous innovation capability, taobao.com decided to split into three independent companies.

announced today in the new architecture, the three companies after the spin off Taobao president and chairman of the use of the mechanism. A management team led by President Wu Yongming, reporting to Amoy chairman Peng Lei; taobao.com management team led by President Jiang Peng, reporting to taobao.com chairman Lu Zhaoxi; Taobao mall management team led by President Zhang Yong, reporting to the chairman of Ceng Ming Taobao mall. Three companies share a large platform for technology and public services by Dai Shan, director of the board of directors of Alibaba group CEO Ma Yun.

this is an initiative of the strategic adjustment of Alibaba, group chairman of the board of directors Ma Yun said, "in order to better adapt to the rapid development of the industry today, the group decided to upgrade the" Taobao "strategic" Ali "strategy".

Ma Yun also believes that the current customer demand is changing, on the one hand, online shopping in Taobao’s guidance and efforts have become the supplement from the life necessities of life, we want to provide more professional and personalized services to consumers". On the other hand, with the expansion of domestic demand and the transformation of enterprises, more and more enterprises will use e-commerce services to customers, they need the support and service is not, "so we must upgrade from taobao.com based platform for consumers" everywhere "win-win situation of supply and demand of consumer platforms".

Alibaba

group said, according to the new business and strategic positioning, three companies after the adjustment will be more attention and focus on their business, play an important role in the fields of business, obtain the appropriate authorization and resource, market for fast changing its decision; time after independence, the subsidiary company has more flexibility in the strategic and operational management, more focused, to fully build the core competitiveness of their respective areas; subsidiary operations will continue its rapid development, to better meet the diverse needs of consumer groups, but also to bring more value to employees and shareholders.

Ma Yun said, we believe that Taobao can create greater spin off the value of the industry, the value of the company and the interests of shareholders, does not rule out the possibility of the future of the group’s overall listing. We put Taobao into the core of the strategy of Ali, the industry and the development of the group will create tremendous value to





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