China's Alibaba to Break Up Empire into Six Units as Jack Ma Returns Home
Biggest restructuring in company history could ease scrutiny of the tech giant
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Biggest restructuring in company history could ease scrutiny of the tech giant
Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them, it said on Tuesday.
SHANGHAI - Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them, it said on Tuesday (March 28), in a major revamp as China vows to ease a sweeping regulatory crackdown and support its private enterprises. The US-listed shares of the Chinese e-commerce conglomerate, which have lost nearly 70 per cent of...
Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them.
Analysts said breakup could ease scrutiny over tech giant whose sprawling business has been a target of regulators