News Snapshot:
After executing substantial reorganisation steps last month, e-commerce titans Alibaba Group Holding and JD.com are changing their retail business operations, with the newest initiatives targeted at increasing sales amid China’s sluggish economic recovery. According to the local media, Alibaba has reorganised its Taobao and Tmall companies by forming three key industry growth units based on consumption patterns and customer demand scenarios. Alibaba, the owner of this publication and situated in Hangzhou in eastern Zhejiang province, verified the adjustments. Also read: Xi Jinping breaking up Chinese tech giants into smaller parts is making Google and Apple very happy. Trudy Dai, president...
