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Alibaba to spit itself into 6 business groups

Por: Associated Press Business March 28, 2023

NEW YORK (AP) — Alibaba is splitting itself into into six business groups as the Chinese e-commerce company attempts to become more nimble in reacting to changes in the market and increase the value of those units. Shares of Alibaba Group Holding Ltd. jumped 8% at the opening bell. Alibaba Group Holding Ltd. said in a regulatory filing Tuesday that the six new groups will be made up of the Cloud Intelligence Group, Taobao Tmall Business Group,... + full article



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