Jiang Fan returns to Taotian Group: On November 21, Alibaba Group CEO Eddie Wu issued an all-staff email announcing the establishment of Alibaba's E-commerce Business Group, appointing Jiang Fan to lead it and report directly to Eddie Wu. The new E-commerce Business Group will fully integrate Taobao Tmall Group, International Digital Commerce Group, and other e-commerce businesses such as 1688 and Xianyu, forming a comprehensive business cluster covering the entire industrial chain both domestically and internationally. The establishment of this new E-commerce Business Group reflects Eddie Wu's new strategic thinking and actions as Alibaba's CEO on how to leverage both domestic and international resources to drive future growth in the e-commerce sector. (Sina Tech) $Alibaba(BABA.US)
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