{"id":98741,"date":"2023-03-29T09:45:40","date_gmt":"2023-03-29T02:45:40","guid":{"rendered":"https:\/\/advantage.vn\/?p=98741"},"modified":"2023-03-30T09:46:35","modified_gmt":"2023-03-30T02:46:35","slug":"alibaba-to-split-off-its-cainiao-logistics-unit","status":"publish","type":"post","link":"https:\/\/advantage.vn\/en\/alibaba-to-split-off-its-cainiao-logistics-unit\/","title":{"rendered":"Alibaba to split off its Cainiao logistics unit"},"content":{"rendered":"

Alibaba\u2019s logistics unit, Cainiao, is one of six units that will be split off from the main company as part of the firm\u2019s biggest restructuring in its 24-year history.<\/strong><\/p>\n

In stock exchange fillings, the e-commerce giant said that the company would split into six groups each to be managed by its own chief executive and board of directors.<\/p>\n

The move would \u201cempower all our businesses to become more agile, enhance decision making, enable faster responses to market changes, and promote innovation to capture opportunities in their respective markets and industries\u201d.<\/p>\n

The units could in the future list on stock exchanges, the company said.<\/p>\n

The group will follow a holding company model, according to Alibaba\u2019s news website, Alizila.<\/p>\n

\"CainiaoLogistics<\/p>\n

The six new groups will be made up of the Cloud Intelligence Group, Taobao Tmall Business Group, Local Services Group, Global Digital Business Group, Cainiao Smart Logistics and Digital Media and Entertainment Group.<\/p>\n

\u201cThe market is the best litmus test, and each business group and company can pursue independent fundraising and IPOs when they are ready,\u201d said Daniel Zhang, who will continue to serve as chairman and chief executive of the Alibaba Group, in an email to employees.<\/p>\n

\u201cThe move marks the most significant governance overhaul in the platform company\u2019s 24-year history and positions Alibaba\u2019s businesses to capture market opportunities and further stimulate growth,\u201d writes Alizila.<\/p>\n

Wan Lin will serve as the chief executive of the new Cainiao Smart Logistics Group, the company said.<\/p>\n

Cainiao has been investing in its airfreight operation over the last few years by partnering with a range of airlines as it targets its stated mission for 24-hour delivery to anywhere in China and 72 hours to anywhere globally.<\/p>\n

aircargonews.net<\/p>\n

>> Other news:\u00a0<\/strong><\/span><\/p>\n