Alibaba Group to split company in six units

The Alibaba Group has announced a reorganization plan that will split the company into six separate business units. This move is aimed at streamlining decision-making and improving customer experience for users.

The decision to split was made in response to criticism of the company’s complex structure and slow decision-making processes. The six new units will each have more autonomy to make strategic decisions and operate more efficiently.

Other news

-Nashville’s Christian community is grieving after a school shooting.

-Protests continue in Israel against Prime Minister Netanyahu’s government.

-South Korean social media giant, Kakao, has reportedly acquired a 40% stake in K-Pop agency, SM Entertainment.

-China’s cyberspace regulator has pledged to crack down on malicious comments that damage the reputation of businesses.

-Oxbotica and Google Cloud are partnering up to accelerate the adoption of autonomous vehicles.

-A Japanese construction company is being targeted for a takeover by a family office.