Alibaba to split into 6 groups, separate IPOs expected
China’s top tech firm Alibaba will undergo restructuring, establishing six new units that will enable each separate business to pursue its own fundraising and public listing plans. – EPA pic, March 28, 2023.
ALIBABA announced today it would split into six business groups in one of the most significant overhauls of a leading Chinese tech firm to date. Daniel Zhang, the company’s chairman and CEO, said the restructuring would enable each separate business to pursue its own fundraising and public listing plans.
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