Company Of The Day: Alibaba
What?
Earlier this week, Chinese e-commerce behemoth Alibaba (NYSE:BABA) said that its various Chinese e-commerce businesses would be combined into a single unit from 2022 while noting that it would form a new international e-commerce unit.
Why?
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Alibaba’s growth is likely to slow amid higher competition and increased regulatory pressure and this could be making the company rethink its organizational structure.
So What?
While Alibaba’s stock has declined by over 40% year-to-date, it has risen by almost 10% since Monday, following news of the reshuffle.
See Our Complete Analysis For Alibaba
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