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Breakingviews - Alibaba drafts breakup blueprint for China techAlibaba’s , biggest overhaul in over two decades might prove contagious. China’s e-commerce group is splitting into six units, some of which may then be listed or sold. That should unlock value for weary shareholders, and please regulators and politicians keen to control strategic businesses. Other tech giants like Tencent may follow.
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Breakingviews - Alibaba hands parched dealmakers a glass half-fullWhen investment bankers look back on 2023, they may cite March as the turning point. Until then, their business was in a slump. In Asia and the United States alike, fees from advising on mergers and selling new stocks and bonds fell some 40% in the first three months compared to the same period a year earlier, per Dealogic. M&A kingpins attending an industry confab in New Orleans joked about having nothing else to do. Then New York- and Hong Kong-listed Alibaba revealed it was creating six independently run businesses.
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China's Alibaba to break up empire into six units as Jack Ma returns homeAlibaba Group plans to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as China vows to ease a sweeping regulatory crackdown and support its private enterprises.
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China tech giant Alibaba to split into six companies, pursue IPOsAlibaba said each of the six entities “will be managed by its own CEO and board of directors.”
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Alibaba is splitting company into 6 business groupsAlibaba is separating the Chinese e-commerce company into six business groups as it looks to react faster to market changes and increase their value.
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Alibaba to split into 6 units, explore separate IPOsNews of the restructuring comes one day after Alibaba founder Jack Ma was spotted at a primary school in Hangzhou, marking his first public appearance in mainland China in over a year.
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