China's Alibaba overhauls e-commerce businesses, appoints new CFO

China's Alibaba overhauls e-commerce businesses, appoints new CFO

Alibaba, Tencent and Taiwan Semiconductor Manufacturing Co. each joined the ranks of Asia's top 10 companies by quarterly net profit. (Nikkei montage/Photos by Reuters

Alibaba Group Holding Ltd said on Monday it was reorganising its international and domestic e-commerce businesses and would appoint a new chief financial officer.