Alibaba plans to split into six independently run entities, the Chinese tech giant's biggest structural overhaul in its history
Chinese tech giant Alibaba Group Holding Ltd. plans to split its business into six independently run entities, the biggest structural overhaul in its history—announced a day after co-founder Jack Ma was seen back in mainland China after almost a year overseas.
Alibaba Group will become a holding company overseen by current Chairman and Chief Executive Daniel Zhang, the company said in a statement on Tuesday.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alibaba to split into six units, explore IPOsAlibaba Group Holding Ltd is planning to split its business into six main units covering e-commerce, media and the cloud, the company said on Tuesday, adding that each of the units will explore fundraising or initial public offerings.
Read more »
Alibaba to split into 6 units and explore IPOs; shares pop 6%Alibaba said Tuesday it will split its company into six business groups, each with the ability to raise outside funding and go public.
Read more »
Alibaba to overhaul into six units while retaining stock-market listings: reportAlibaba will overhaul its operations, the South China Morning Post reported, citing a letter to employees. The company will reorganize into six independently...
Read more »
Bobby Wagner returns to Seahawks after messy splitIt’s almost like he never left.
Read more »
Jaguar split in half, two severely injured in car crashThree cars were involved in a crash on the Northwest Side early Sunday morning that left two in critical condition after the Jaguar they were traveling in was split in half. Two of the three drivers allegedly were intoxicated.
Read more »
Americans are warming up to electric cars, but still divided over themAmericans are split roughly into thirds on acceptance of EVs, a recent poll has found.
Read more »