Alibaba Group is placing all of its e-commerce businesses, both domestic and international, under one umbrella overseen by a single executive, according to a person close to the company, as the Chinese tech giant seeks to keep up with fast-moving competitors.

The newly formed Alibaba E-Commerce Group, comprising domestic marketplaces Taobao and Tmall, as well as overseas shopping sites such as AliExpress, Lazada, Trendyol, will be led by Jiang Fan, a 11-year company veteran who currently heads its international e-commerce business, the person added.