Alibaba CEO Zhang Yong is delegating more power to the leaders of the company's various business departments in order to respond more flexibly to the increasing challenges. Zhang Yong is transferring more responsibilities to the presidents of each business department, who are now playing the role of 'mini CEOs' from location-based services to cloud computing. This is aimed at accelerating decision-making so that each department can better resist competition, revive sluggish sales, and reshape the overall image of the company. (Phoenix Technology)