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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.

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

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

China’s Alibaba unveils a corporate restructuring intended to unlock entrepreneurial spirit within six separate businesses.

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

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

Move designed to unlock shareholder value and foster market competitiveness

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.

A look at North American equities heading in both directions

Alibaba to break up empire into six units as Jack Ma returns to China