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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
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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.
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A look at North American equities heading in both directions
Alibaba to break up empire into six units as Jack Ma returns to China