China’s Alibaba to split into six units

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China’s e-commerce major Alibaba Group announced a major restructuring in which it will become a holding company with six distinct business groups.

According to media reports, each unit would have its own chief executive and board of directors to allow for faster decision-making. The restructuring was described by the company as the “most significant” organisational overhaul in its 24-year history. The units will be allowed to seek outside capital, implying that they may eventually go public. Only its China e-commerce division, Taobao Tmall Commerce Group, will be wholly owned by Alibaba. The announcement sparked a positive reaction in the stock market, with Alibaba’s US-listed shares rising more than 14 percent on Tuesday.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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China’s Alibaba to split into six units

China’s e-commerce major Alibaba Group announced a major restructuring in which it will become a holding company with six distinct business groups.

According to media reports, each unit would have its own chief executive and board of directors to allow for faster decision-making. The restructuring was described by the company as the “most significant” organisational overhaul in its 24-year history. The units will be allowed to seek outside capital, implying that they may eventually go public. Only its China e-commerce division, Taobao Tmall Commerce Group, will be wholly owned by Alibaba. The announcement sparked a positive reaction in the stock market, with Alibaba’s US-listed shares rising more than 14 percent on Tuesday.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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