Alibaba Replaces CFO, Reshuffles Commerce Heads

Alibaba is undergoing significant management changes following a $2.8 billion antitrust fine. Maggie Wu is stepping down, and Toby, her deputy, will take over. The company faces challenges such as increased competition and regulatory scrutiny, impacting its revenue outlook. Alibaba is restructuring its commerce business into international and domestic segments to adapt to these challenges.

What challenges does Toby face as he takes over the management role?

What changes is Alibaba making to its commerce business structure?