Alibaba sets up new ‘digital technology’ firm under e-commerce unit Taobao and Tmall Group

The new outfit appears to reflect how TTG could pursue further business expansion or sharpen its focus on certain activities

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The new firm, Hangzhou Taobao and Tmall Digital Technology Co, will be involved in a wide range of businesses. Photo: Shutterstock

Ann Caoin Shanghai

Published: 9:00am, 4 Sep 2024

Alibaba Group Holding has set up a new “digital technology” company under its main e-commerce unit, Taobao and Tmall Group (TTG), with a registered capital base of 10 million yuan (US$1.4 million), according to Chinese business registry platform Tianyancha.

Established on August 23, the new firm called “Hangzhou Taobao and Tmall Digital Technology Co” will be involved in a wide range of businesses, including: import and export of goods; sales of food, daily groceries, outdoor products and household appliances; and technology-related services such as software development and tech transfer.

While those may cover the typical scope of operations for an e-commerce company registered on the mainland, the new outfit appears to reflect how TTG could pursue further business expansion or sharpen its focus on certain activities.

Alibaba, which owns the South China Morning Post, did not immediately reply to a request for comment on Tuesday.

Taobao and Tmall are the primary Chinese online retail platforms of Alibaba Group Holding. Photo: Shutterstock

The new company was formed just days before antitrust watchdog, the State Administration for Market Regulation, officially ended more than three years of regulatory scrutiny of Hangzhou-based Alibaba.