Ant Group splits Alipay into two business units in latest restructuring move [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
its mobile payment platform Alipay into two units, in its latest corporate restructuring move to drive new growth. The company will establish the Digital Payment Business Group and Alipay Business Group, and adopt a "rotating presidential system" for the two units with each president serving a six-month term, according to an internal letter circulated by Ant president Cyril Han Xinyi on Monday, seen by the South China Morning Post. The Digital Payment Business Group will focus on the development of innovative payment products, integrating five departments including the Online Payment Business Unit and Offline Payment Business Unit. The Alipay Business Group, which covers six units including advertising and digital products, will focus on the user base growth and monetisation of Alipay. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infog
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BABA
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- 11/15/24 - Beat
BABA
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- 12/20/24 - Form 6-K
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- BABA's page on the SEC website