Automotive, Technology, Communication Nov 27, 2021 09:09 AM (GMT+8) · EqualOcean
People familiar with the matter said that Alibaba Group CEO Zhang Yong is delegating power to the heads of the company's business departments in order to respond more flexibly to the increasing challenges. Zhang Yong is transferring more responsibilities to the presidents of various business departments, from location-based services to cloud computing. These presidents now play the role of "mini CEOs". This move aims to speed up decision-making so that each department can better resist competition, revive sluggish sales and reshape the overall image of the company.
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