What’s behind Alibaba’s Restructuring?
Alibaba (BABA) recently restructured its business groups in a way that shows an increased emphasis on cloud computing and cross-border e-commerce. As part of the reorganization, Alibaba’s Cloud unit has been renamed the Alibaba Cloud Intelligence Group. Cloud revenues grew 90% YoY to $825 million in Alibaba’s fiscal 2019 second quarter, which ended on September 30.