Current：Home > MarketsAlibaba is splitting company into 6 business groups-Angel Dreamer Wealth Society D1 Reviews & Insights
Alibaba is splitting company into 6 business groups
View
Date：2024-12-23 20:59:35
Alibaba is separating the Chinese e-commerce company into six business groups as it looks to react faster to market changes and increase their value.
Alibaba Group Holding Ltd. said in a regulatory filing that it will be split into the Cloud Intelligence Group, Taobao Tmall Business Group, Local Services Group, Global Digital Business Group, Cainiao Smart Logistics and Digital Media and Entertainment Group.
The company said that each group will be able to raise outside capital and possibly seek its own initial public offering, except for Taobao Tmall Business Group, which will stay wholly owned by Alibaba Group.
- In:
- Alibaba
veryGood！ (38)
Related
- Prayers and cheeseburgers? Chiefs have unlikely fuel for inexplicable run
- Jelly Roll urges Congress to pass anti-fentanyl trafficking legislation: It is time for us to be proactive
- Guyana rejects quest for US military base as territorial dispute with Venezuela deepens
- Popular myths about sleep, debunked
- Elton John Details Strict Diet in His 70s
- Healthy Habits That Are Easy to Maintain and You’ll Actually Want to Stick With All Year Long
- NCAA President Charlie Baker to appear at at legislative hearing addressing NIL
- Buc-ee's expansion continues as roadside retail juggernaut zeroes in on North Carolina
- 2 credit unions in Mississippi and Louisiana are planning to merge
- Search underway for 3 people missing after avalanche hits Idaho back country
Ranking
- Inter Miami's MLS playoff failure sets stage for Messi's last act, Alexi Lalas says
- North Korea to welcome Russian tourists in February, the country’s first since the pandemic
- Baking company announces $37 million expansion of Arkansas facility, creating 266 new jobs
- Carmelo Anthony: Nuggets gave Nikola Jokić No. 15 to 'erase what I did' with Denver
- The USDA is testing raw milk for the avian flu. Is raw milk safe?
- 2 dead, 3 rescued after a boat overturns near a southeast Alaska community
- Spend the Long Weekend Shopping Jaw-Dropping Sales From Free People, SKIMS, & More
- Why Emma Stone Applies to Be a Jeopardy! Contestant Every Year
Recommendation
All Social Security retirees should do this by Nov. 20
Balletcore Is the Latest Trend That Will Take First Position in Your Closet
Julia Roberts Shares Sweet Glimpse Into Relationship With Husband Danny Moder
DeSantis interrupted by three protesters at campaign stop days before Iowa caucuses
Todd Golden to continue as Florida basketball coach despite sexual harassment probe
This week's news quiz separates the winners from the losers. Which will you be?
Larsa Pippen and Marcus Jordan's Sex Confession Proves Their Endurance
Carmelo Anthony: Nuggets gave Nikola Jokić No. 15 to 'erase what I did' with Denver