Alibaba CEO is delegating more power to delegates
$Alibaba (BABA.US)$ According to the news, Alibaba CEO Zhang Yong wants to decentralize power, and the department president may become a “mini CEO,” and people familiar with the matter say that Alibaba Group CEO Zhang Yong is delegating power to the heads of the company's various business departments in order to respond more flexibly to increasing challenges. Zhang Yong is handing over more responsibilities to the presidents of various business divisions, from location-based services to cloud computing, and these presidents are now acting as “mini CEOs.” The move is aimed at speeding up decision-making so that each department can better withstand competition, revive sluggish sales, and reshape the company's overall image. (Phoenix News Technology)
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