After 24 years, Alibaba (NYSE: BABA and HKEX: 9988) is evolving from a single company into
a new governance model of “1+6+N” in which major business groups and various companies
have independent operations. “1” represents Alibaba Group’s holding company, “6” refers
to six major business groups – Cloud Intelligence Group, Taobao and Tmall Group, Local
Services Group, Alibaba International Digital Commerce (AIDC) Group, Cainiao Smart
Logistics Network Limited, and Digital Media and Entertainment Group, and “N” refers to
various businesses such as Alibaba Health, Sun Art Retail, and Freshippo. Each entity in the
“6+N” will establish its own board of directors that will provide oversight and support to the
chief executive officer of the business.
Starting from the quarter ended June 30 2023, Alibaba has implemented a new
organizational and governance structure. The six major business groups are: Taobao and
Tmall Group, which includes Taobao, Tmall, Xianyu, 1688.com and other businesses; Alibaba
International Digital Commerce Group, which includes Lazada, AliExpress, Trendyol,
Alibaba.com and other businesses; Local Services Group, which mainly includes the “ToHome” business of Ele.me and the “ToDestination” business of Amap; Cainiao Smart
Logistics Network Limited; Cloud Intelligence Group, which includes Alibaba Cloud, DingTalk
and other businesses; and Digital Media and Entertainment Group, which includes Youku,
Damai and Alibaba Pictures.