News Snapshot:
SHANGHAI – China’s Alibaba told its investors on Friday that overseas e-commerce would be a key focus as it looks for new sources of growth after a difficult year at home. Earlier this month, Alibaba Group Holding Ltd restructured its e-commerce business into separate China and international divisions, with the latter to be led by Jiang Fan, head of Alibaba’s flagship Taobao and Tmall marketplaces [ L4N2SR04E ] Alibaba Deputy CFO Toby Xu, making his first major public remarks since being named this month to take over as CFO , said that international e-commerce “will become one of the key...
