Alibaba Pictures and video streamer Youku will be part of the entertainment business.
Chinese billionaire Jack Ma’s technology conglomerate Alibaba Group Holding is splitting into six groups, including an entertainment business, with each of them set to be “independently managed by its own chief executive officer and board of directors,” the company said on Tuesday.
Daniel Zhang will serve as CEO and chairman of the holding company, which reminded some observers of Google’s creation of Alphabet as the umbrella company for its various businesses., citing people familiar with the situation, that Ma had returned to mainland China after spending about a year abroad. His return comes at a time when Beijing is looking to boost business confidence after years of COVID-19 restrictions and regulatory crackdowns.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
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.
Leer más »
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.
Leer más »
Alibaba to Split Into Six Separate Groups in Biggest Shake-UpAlibaba plans to split into six independently run entities, the Chinese tech giant's biggest structural overhaul in its history
Leer más »
Alibaba to split into six unitsAlibaba Group Holding Ltd said it plans split its business into six main units covering e-commerce, media and the cloud, adding that each of the units will explore fundraising or initial public offerings.
Leer más »
STOCK MARKET NEWS: Alibaba split, Lyft’s new CEO, SVB hearings, Walgreen’s, Micron reportInvestors will monitor the first Silicon Valley Bank hearing, Jack Ma’s Alibaba is restructuring, Lyft gets new CEO and Walgreen’s, Micron report. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Leer más »
Alibaba to split into 6 units and explore IPOs; shares pop 9%Alibaba said Tuesday it will split its company into six business groups, each with the ability to raise outside funding and go public.
Leer más »