Shift to a holding company structure is rare for major Chinese tech firm and could present a template for Alibaba’s peers
Alibaba Group Holding plans to split its $220bn 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 spin-offs and market debuts. Its shares climbed 8% in pre-market trading in New York on Tuesday...
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