The restructuring is the search giant’s latest move to ramp up business amid challenges from emerging domestic rivals.
The newly-formed department will be considered the cradle of “new growth engines.”
A major stakeholder is selling off most of its shares in Yidian’s parent company, reportedly to prepare for an IPO on Shanghai’s new tech bourse.
Meituan has battled with Alibaba in its core food delivery business for years, following their short-lived friendship.
The new database product release comes as the company’s carrier business faces global scrutiny over the security of its 5G equipment.
Guo Jinyi, co-founder and senior vice president at Luckin, responded to the Alibaba-Starbucks deal by saying that traditional retail, even with the increased takeaway and mobile payments, is not necessarily new retail since the fundamental business model had not changed.