Summary by Moomoo AI
Alibaba Group announced on 21 November 2024 the establishment of an e-commerce business group, integrating Taobao Tenda Group, Alibaba International Digital Business Group and 1688, Leisure Fish, to form a business cluster covering the entire domestic and foreign industry chain. Mr. Jiang Fan has been appointed CEO of the newly established e-commerce business group, which aims to strengthen the integration and development of the Group's global e-commerce business.Because Alibaba Partners' director nominations are classified under different voting rights frameworks, companies are considered companies with different voting rights frameworks. Shareholders and investors should be aware of the potential risks of investing in such companies. IN ADDITION, ALIBABA'S U.S. DEPOSITORY SHARES ARE LISTED ON THE NEW YORK STOCK...Show More