Alibaba Group is merging its Chinese and international e-commerce platforms into a single unit led by Jiang Fan. This strategic move aims to strengthen Alibaba’s competitive edge in the evolving e-commerce landscape by leveraging global supply chains and enhancing consumer services. The consolidation comes as Alibaba faces increased competition from rivals like Pinduoduo and Temu.
Related Posts
NLCIL produces 1,234 crore units of clean power as it treads green path
NLCIL has produced 1,234 crore units of green power, reducing carbon dioxide emissions by one crore tonne. The company aims for a renewable energy capacity […]
40% surge in car deliveries during festive season fuels strong demand
India witnessed a 40% surge in car deliveries this festive season, driven by strong demand for light motor vehicles like cars and SUVs. Despite an […]
India lifts ban on non-basmati white rice export, sets MEP at $490 per tonne
The Government has lifted the ban on international exports of non-basmati white rice, implementing a minimum export price of $490 per tonne. Originally imposed to […]