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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.
Alibaba to break up empire into six units as Jack Ma returns to China
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Daniel Zhang will continue to serve as chairman and CEO of Alibaba Group, which will follow a holding company management model
Alibaba on Tuesday announced it plans to split into six business groups and explore fundraisings or listings for most of them, in one of the biggest...