Por: Forbes Business March 28, 2023
China Last NightKraneShares Alibaba (9988 HK, BABA US) announced after the close it will become a holding company comprised of the below six business groups in order to “unlock shareholder value and foster market competitiveness” in order to “capture market opportunities and stimulate growth”. The business group can raise funds and go public as they see fit. Alibaba relisted in Hong Kong in November 2019 after the trade war weighed on... + full article
MarketWatch USA Business April 13, 2023
Alibaba stock advanced 1.8% in Thursday U.S. premarket trading. The sprawling tech conglomerate, which has a core e-commerce business as well as interests spanning cloud computing, artificial intelligence, and digital media, , opening the door to spinoffs. The move, a bid to... + más
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ABC News USA Business March 30, 2023
HONG KONG -- Top executives of Chinese e-commerce and financial giant Alibaba said Thursday that the company is moving toward giving up control of some of its business units in a transition toward becoming a capital operator to optimize the value of its sprawling businesses.... + más
China e-commerce giant Alibaba outlines future strategy | ABC News
ABC News USA Tech March 30, 2023
Associated Press USA Tech March 30, 2023
HONG KONG (AP) — Alibaba plans to spin off some of its as independent businesses to make them more flexible and maximize their value, its top executives said Thursday, as the company emerges from regulatory crackdowns that rattled Chinese tech industries.Alibaba CEO Daniel... + más
WPLG Local 10 USA Tech March 30, 2023
HONG KONG – Alibaba plans to spin off some of its as independent businesses to make them more flexible and maximize their value, its top executives said Thursday, as the company emerges from regulatory crackdowns that rattled Chinese tech industries.Alibaba CEO Daniel Zhang... + más
ABC News USA World March 30, 2023
CNBC USA Tech March 28, 2023
In this articleAlibaba 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.Kuang... + más
China tech giant Alibaba to split into six companies, pursue IPOs | New York Post
Alibaba to split itself into 6 business groups | ABC News
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