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.
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