Page 92 - Corporate Changes News Today

Proposed investment-bank spinoff was complex and investors just wanted something simple

Chinese e-commerce giant says it plans to spin off the two businesses through separate listings

The Indonesian company started taking orders from investors Wednesday

JD.com is seeking two separate listings for property and industrial units—just days after larger peer Alibaba announced plans to split itself up.

It’s the largest restructuring ever for the group, with important implications for shareholders as well as the wider Chinese tech sector.

There are good reasons to think a split-up Alibaba would be more valuable. In this case, politics and profits are pointing in the same direction.

Alibaba will split itself into six units in a bid to unlock shareholder value—the biggest overhaul in the history of one of Chinas most important companies.

Chinese tech giant makes announcement just after its co-founder reappeared in China after months overseas

The firm said it was relocating “immediately” from Washington after the state’s supreme court cleared the way for a capital gains tax.

Alibaba co-founder Jack Ma returns to China after spending roughly a year overseas, The Wall Street Journal reports.