Page 34 - Cloud Intelligence Group News Today

Chinese e-commerce company Alibaba is being split into into six business groups in an attempt, leadership says, to become more nimble in reacting to changes in the market and to increase the value of the units.

Alibaba Group has been planning to spin off individual business units for a long time, according to two sources familiar with the company’s thinking

HONG KONG (Bernama-UPI): Worldwide retailer and e-commerce company Alibaba announced on Tuesday (March 28) that it will be splitting its business into six distinct entities.

Many investors have seen a wave of regulatory blitzes over the last couple of years.

This plan has been a hit with investors, sending Alibaba's stocks up by 3.5 per cent after the announcement.

Alibaba has unveiled the restructuring of its business into 6 different subdivisions sending the shares up by 12% on Wednesday.

The Chinese e-commerce giant has announced it will break itself up into six business groups, each with the ability to pursue initial public offering (IPO) options and raise external funding.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Alibaba plans to split its business into six main units covering e-commerce to cloud in the biggest restructuring of its 24 year history.

Alibaba said Tuesday it will split its company into six business groups, each with the ability to raise outside funding and go public.