Alibaba Lays Off Staff at Vendio and Auctiva

Chinese ecommerce giant Alibaba has laid off employees at its marketplace management tool companies Vendio and Auctiva.

Spokesperson Abbygail Reyes told EcommerceBytes, "We have made changes that align the organization with the needs of our business and our long-term growth strategy."

Alibaba acquired Auctiva and Vendio in 2010, and the heads of the two companies developed Alibaba's new US marketplace 11 Main, which launched in 2014.

Source: EcommerceBytes

Tagged: Acquisitions
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