Alibaba Group Holding Limited (NYSE:BABA) continues its restructuring activities as planned and international diversification amid the uncertain domestic regulatory environment.
Alibaba's intelligent mobile office platform DingTalk has adjusted its organization and personnel, with a layoff proportion of 30%, the Pandaily reports.
The Alibaba unit focused on PaaS (platform-as-a-service), maintaining its positioning as a collaborative office and application development platform, and strategically invested in essential products like documents, audio, video, projects, and conferences.
DingTalk had conducted so-called organizational optimizations involving a routine fiscal year performance appraisal replacement and business adjustment.
Also Read: Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides To Lay off 20% Employees
Alibaba's division abandoned some modules with reduced business weight. The teams involved have previously invested heavily in independently-developed SaaS and hardware.
Based on a source, the overall adjustment ratio was less than 10% of staff.
The proportion of merit pay replacement usually ranged between 4% - 10%, versus ~6% this year, including some natural departures.
Alibaba Cloud launched its first data center in Thailand to capitalize on the country's cloud market and support the nation's 20-year strategic plan, the Bangkok Post reports.
The outlay also covers equipment, technology, business partnership, and skill-building for workforces and localized solutions. Alibaba Cloud aims to build cloud skills for 20,000 people.
The cloud market will likely reach $2.4 billion by 2025, with projected growth of over 40% every year from 2022.
Alibaba Cloud (Thailand) has a registered capital of 1.06 billion baht. In 2021, Alibaba Cloud became the third-largest IaaS provider and the biggest in Asia-Pacific by revenue.
Price Action: BABA shares traded higher by 7.13% at $86.88 on the last check Friday.
Photo by Fooksou Lamimo via Wikimedia Commons
