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Alibaba to Split Into Six Business Units in Major Restructuring

By
Juro Osawa
· · Source: The Information

Chinese e-commerce juggernaut Alibaba Group said it will restructure into six business groups under a holding company. Each of the six units will have the flexibility to raise outside capital and seek its own initial public offering, Alibaba said. This is the biggest change in Alibaba’s corporate structure in the company’s 24-year history. The move comes as Alibaba, whose shares are listed in...

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