Por: The Boston Globe Tech March 28, 2023
Alibaba plans to split its $220 billion empire into six units that will individually raise funds and explore initial public offerings, the biggest overhaul of China’s online commerce leader since its inception more than two decades ago.The move frees up the Chinese company’s main divisions from e-commerce and media to the cloud to operate with far more autonomy, laying the foundation for future spinoffs and market debuts. Its shares climbed... + full article
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
Forbes USA Business March 29, 2023
Alibaba cofounder Jack Ma.Philippe LOPEZ/AFP Chinese e-commerce giant Alibaba has announced plans to split into six business units, leading shares to rally on investor optimism that the restructuring will spur more initial public offerings in the future. Alibaba’s shares... + más
New York Post USA Tech March 28, 2023
Chinese e-commerce giant Alibaba said Tuesday it will reorganize its business into six separate companies — a sweeping overhaul unveiled as Beijing authorities show signs of easing their regulatory crackdown on the country’s tech sector. Alibaba’s action was announced just... + más
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