Alibaba said Tuesday it will split its company into six business groups, each with the ability to raise outside funding and go public.
Alibaba said in a statement that the move is "designed to unlock shareholder value and foster market competitiveness."Follow your favorite stocksAlibaba has faced growth challenges amid regulatory tightening on China's domestic technology sector and a slowdown in the world's second-largest economy. But analysts think the e-commerce giant's growth could pick up through the rest of 2022.
said Tuesday it will split its company into six business groups, each with the ability to raise outside funding and go public, in the most significant reorganization in the Chinese e-commerce giant's history.Alibaba said in a statement that the move is "designed to unlock shareholder value and foster market competitiveness.
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 break up business into six units, seek IPOs | CNN BusinessAlibaba Group plans to split its business into six main units covering e-commerce to cloud in the biggest restructuring of its 24-year 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 »
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...
Leer más »
Alibaba to break up empire into six units as Jack Ma returns to ChinaAlibaba Group plans to split into six units and explore fundraisings or listings for most of them, in a major revamp as Beijing vows to ease a regulatory crackdown and support its private enterprises.
Leer más »