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China tech giant Alibaba to split into six companies, pursue IPOs

Por: New York Post Tech March 28, 2023

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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 one day after the company’s high-profile founder, billionaire Jack Ma, returned to mainland China after spending nearly a year abroad — though people inside the... + full article



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