What’s behind Alibaba’s split into six parts
planning 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.
Analysts said the breakup could ease scrutiny over the tech giant whose sprawling business has been a target of regulators for years. Investors said the split signals the clearing of regulatory worries and allays concerns that Alibaba had lost the potential to grow. The decision could also be partly a fallout of the US scrutiny of Chinese tech firms that raised national security concerns over TikTok and its parent ByteDance, said Tara Hariharan of emerging market hedge fund NWI Management.
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