$BABA-SW (09988.HK)$ WeChat allows Taobao's link to be access now. In addition, WeChat plans to develop an independent selection model to provide users with external link management functions. This probably means that WeChat users will be able to independently choose whether to directly open external links such as Taobao and Pinduoduo.
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$Alibaba (BABA.US)$ 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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