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Chinese e-commerce giant Alibaba Group announced on Tuesday it will split into six business units, each with its own CEO and board of directors, and adopt a holding company management model, in... | March 28, 2023

Each of the six business groups will be managed by its own CEO and board of directors and will retain the flexibility of seeking outside capital, Reuters reported.

Alibaba Group plans to split its business into six main units covering e-commerce to cloud in the biggest restructuring of its 24 year history, five of which it said will explore fundraising or

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

Move designed to unlock shareholder value and foster market competitiveness

Alibaba Group Holding Limited BABA shares are soaring in the premarket session as the company looks to restructure to unlock value. Since its establishment…

Each business group and other investments will retain the flexibility to raise outside capital and seek an initial public offering, Alibaba said in a statement.

Chinese e-commerce giant Alibaba said it will reorganize its business into six separate units.

Chinese tech giant Alibaba on Tuesday said that it is planning to split the company into six business units, and each unit will explore fundraising or IPOs (initial public offerings), media reports said.The six units will include the Cloud ...

Plans to split its business into six main units covering e-commerce to cloud in the biggest restructuring of its 24 year history, five of which it said will…