Alibaba to integrate e-commerce platforms into one business group
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Alibaba Group announced it will consolidate all its e-commerce platforms into a single business unit named the Alibaba E-commerce Business Group. This move was disclosed in a stock exchange filing.
November 21, 2024 | 10:30 am
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Alibaba Group is consolidating its e-commerce platforms into a single business unit, potentially streamlining operations and improving efficiency.
The integration of Alibaba's e-commerce platforms into a single business unit is likely to streamline operations and improve efficiency, which could positively impact the company's performance and stock price in the short term.
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