Alibaba Restructures Amidst Cloud Computing Push and Growth

Alibaba Group Chief Executive Daniel Zhang announced that the company would be restructuring its cloud business unit and its Tmall e-commerce business. This comes just weeks after Zhang told CNBC that Alibaba Cloud would be the group’s main business in the future. Alibaba will rename its cloud group the Alibaba Cloud Intelligence business group. The renamed group will be overseen by Alibaba Chief Technology Officer Jeff Zhang Jianfeng who will replace Simon Hu Xiaoming as its president. It also formed a New Retail technology business group that will be overseen by Wu Zeming, who formerly oversaw Tmall’s technology unit. The New Retail group will integrate technological support for online shopping websites as well as off-line shopping. This is one of the first significant restructurings for Zhang as he prepares to take over for Alibaba Group co-founder and Executive Chairman Jack Ma as the company’s chairman in September 2019.