BABA-W (09988.HK) +0.300 (+0.267%) Short selling $505.62M; Ratio 11.711% CEO Eddie Wu announced in an email to employees that Ele.me and Fliggy will be merged into the Alibaba China E-commerce Business Group effective immediately, Chinese media reported. This move is part of the group's strategic upgrade from an e-commerce platform to a big consumer platform. In the future, the company aims to optimize and integrate its business model and organizational structure from a user-centric perspective to create a richer and higher-quality consumer experience. Related NewsCiti Keeps Buy on BABA-W; Inclusion of Ele.me & Fliggy in Core E-commerce Biz Will Bring More ResourcesFan Yu will reportedly continue to serve as Chairman and CEO of Ele.me, reporting to Jiang Fan. Nan Tian will continue as CEO of Fliggy, also reporting to Jiang Fan. Ele.me and Fliggy will maintain their corporate management model, aligning their business decisions and execution with the centralized goals of the China E-commerce Business Group. BABA-W last posted at HKD109.6, down 1.88%, with a trading volume of 30.0092 million shares, involving HKD3.292 billion.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-27 12:25.)Related NewsCLSA: BABA-W, JD-SW Achieve Faster GMV Growth in 618 Compared to Last Yr