Published 1 year ago

Alibaba Announces Historic Announces

Summary by Ground News

Alibaba, the Chinese e-commerce and media group, unveiled a top to bottom corporate restructuring. The group, which has a current market capitalization of $228 billion, will split itself into six divisions of differing sizes. Each unit will have a CEO and a board of directors and can pursue independent fund-raising or even IPOs.

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Variety

China’s Alibaba Unveils Corporate Restructuring

Alibaba, the Chinese e-commerce and media group, unveiled a top to bottom corporate restructuring that it says is intended to “unlock shareholder value and foster market competitiveness.” The group, which has a current market capitalization of $228 billion, will split itself into six divisions of differing sizes. Each unit will have a CEO and a […]

1 year ago·Los Angeles, United States

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Ecns

Alibaba announces historic restructuring

Chinese tech heavyweight Alibaba Group Holding Ltd announced on Tuesday it will split its business into six main units, the biggest restructuring in the company's 24 year history.

1 year ago·China

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Sözcü

Chinese tech giant Alibaba is restructuring

Chinese tech giant Alibaba is restructuring — Alibaba, one of China's biggest tech companies, is reportedly going to restructure.

1 year ago·Türkiye

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China Daily

Alibaba Announces Historic Announces

Chinese Tech Heavyweight Alibaba Group Holding Ltd combines on Tuesday it will split its business into six main units, The Heavyweight Heavyweight in the Company's 24 year history.

1 year ago·China

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