On November 21, 2024, Alibaba announced the formation of the Alibaba E-commerce Business Group. This new entity will integrate several key businesses, including Taobao and Tmall Group, Alibaba International Digital Commerce Group, the 1688 Marketplace, and Idle Fish, among others. The integration aims to streamline operations across domestic and international supply chains.Fan Jiang has been appointed as the CEO of the newly established business group. This strategic move is expected to enhance Alibaba's operational efficiency and strengthen its position in the global e-commerce market. The establishment of this group reflects Alibaba's commitment to expanding its digital commerce capabilities and improving its service offerings to customers worldwide.

On November 21, 2024, Alibaba announced the formation of the Alibaba E-commerce Business Group. This new entity will integrate several key businesses, including Taobao and Tmall Group, Alibaba International Digital Commerce Group, the 1688 Marketplace, and Idle Fish, among others. The integration aims to streamline operations across domestic and international supply chains.Fan Jiang has been appointed as the CEO of the newly established business group. This strategic move is expected to enhance Alibaba's operational efficiency and strengthen its position in the global e-commerce market. The establishment of this group reflects Alibaba's commitment to expanding its digital commerce capabilities and improving its service offerings to customers worldwide.