Alibaba announces cloud computing unit upgrade, Tmall restructuring
View of a logo of Chinese e-commerce giant Alibaba Group at Yunqi Cloud Town in Hangzhou, East China's Zhejiang province, Nov 24, 2018. E-commerce juggernaut Alibaba Group announced on Monday the upgrading of its cloud computing unit and the restructuring of its iconic Tmall e-commerce segment, indicating the pair's surging importance in the company's strategic layout. The renamed Alibaba Cloud Intelligence business group, on top of the existing Alibaba Cloud unit, forms part of the strategy to combine more smart technology infrastructure with business scenarios in the digital economy era, company CEO Daniel Zhang said in an internal letter regarding a fresh round of corporate restructuring. Also part of the reorganization, core commerce site Tmall now will include three major divisions: the namesake Tmall business group focusing on brand innovation endeavors, the Tmall Supermarket business group that integrates physical stores and online orders, and Tmall's import and export business unit, which eyes fulfilling the company's pledge to help import $200 billion worth of goods over the next five years. The move underscores the growing importance Alibaba attaches to its cloud, cross-border e-commerce and New Retail practices, a term coined two years ago by Mato merge online and offline commercial resources using technology.
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