Alibaba ADRs were up 1.3 % in premarket trade on Monday after the company announced plans to restructure its international and domestic ecommerce divisions.

As it tries to compete with nimbler rivals and speed expansion, the corporation announced the formation of two new units: worldwide digital commerce and China digital commerce.

Alibaba Group

AliExpress, which sells to retail buyers in Europe and Latin America, as well as it's Southeast Asian ecommerce business Lazada and, will be part of the international ecommerce segment.

As the company comes under more scrutiny from China's internet regulators, the ADRs finished 8.2 % lower Friday, at their lowest in over four and a half years, and have lost more than a third of their value since the end of October.

Last month, the company recorded an 8.5 % increase in gross merchandise volume during its 11-day Single's Day online festival, the first time growth fell below 10% in company history.

Alibaba said it will focus on its three primary objectives of local demand, globalization, and Cloud computing, a fast-growing market for online businesses and a big revenue generator for American competitor Amazon.