WebMar 28, 2024 · Alibaba Group Holding Ltd is planning to split its business into six main units covering e-commerce, media and the cloud, the company said on Tuesday, adding that each of the units will explore U.S.-listed shares of … WebMar 29, 2024 · The move marks a major restructuring of Alibaba's operations after it lost nearly 70% of the value of its listed shares amid regulatory curbs in 2024.. E-commerce giant Alibaba to split into six units. Alibaba, China, e …
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Alibaba to split into 6 units, explore separate IPOs
WebMar 28, 2024 · Credit: AFP Photo. Alibaba Group Holding Ltd is planning to split its business into six main units covering e-commerce, media and the cloud, the company said on Tuesday, adding that each of the ... WebMar 28, 2024 · Image credit: Trading View. The restructuring move follows a similar pattern experienced by China’s other tech giants. Two years earlier, in November 2024, TikTok’s parent company, ByteDance, also split into six business units. The restructuring can be traced to China’s regulatory crackdown on large tech companies in both instances. WebMar 28, 2024 · (Reuters) -Alibaba Group Holding Ltd is planning to split its business into six main units covering e-commerce, media and the cloud, the company said on Tuesday, adding that each of the units will explore fundraising or initial public offerings. U.S.-listed shares of Alibaba rose 3.5% in trading before the bell. ultimate npcs: warfare