Alibaba Group in August 2009 announced to separate its business divisions. According to news they have split their operations for domestic and international marketplaces.
Alibaba has also setup two divisions to help small & medium size enterprise customers to gain access to information technology and employees trained to handle e-commerce. Alibaba has already announced it agreement with Bank of China to facilitate loans of 6 billion Yuan for small and medium sized enterprises.
Alibaba has also planned to work more closely with its online retail and trading website similar to amazon and eBay, Taobao.com.
According to memo released in late July 2009, Mr. Wei will remain as chief executive and also serve as acting head of the domestic marketplace of Alibaba. Elvis Lee, who was hired as chief operating officer in February 2009, will head the international division.
Also, following the reorganization, the domestic marketplace will develop a sourcing channel for companies selling their goods on Taobao. Taobao will remain an independent company under the parent group, merely stepping up its operational cooperation with Alibaba.com.
Tuesday, October 13, 2009
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