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Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them.

Analysts said breakup could ease scrutiny over tech giant whose sprawling business has been a target of regulators

Alibaba Groups plans for a major revamp have been taken as a signal that Beijings regulatory crackdown on corporates is ending, propelling its shares higher and boosting investor confidence in

Alibaba Group's plans for a major revamp have been taken as a signal that Beijing's regulatory crackdown on corporates is ending, propelling its shares higher and boosting investor confidence in prospects for Chinese tech firms.

Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as China vows to ease a sweeping regulatory crackdown and support its private enterprises. The U.S.-listed shares of the Chinese e-commerce conglomerate, which have lost nearly 70% of their…

Alibaba is splitting into six: this should give it more agility and a new impetus. Founder Jack Ma is also making a reappearance.

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Alibaba Group has announced plans to split its business into six separate units, as China prepares to ease regulation and raise support for the private sector.

The announcement comes as the Chinese e-commerce company attempts to become more nimble in reacting to changes in the market and increase the value of those units

Alibaba, split, six entities, daniel zhang