Current:Home > MarketsAlibaba is splitting company into 6 business groups -AlphaFinance Experts
Alibaba is splitting company into 6 business groups
View
Date:2025-04-15 21:01:46
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! (831)
Related
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- A man charged in the killing of a Georgia nursing student faces hearing as trial looms
- Jelly Roll album 'Beautifully Broken' exposes regrets, struggle for redemption: Review
- Gerrit Cole tosses playoff gem, shutting down Royals and sending Yankees back to ALCS with 3-1 win
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- The 2025 Critics Choice Awards Is Coming to E!: All the Details
- Residents clean up and figure out what’s next after Milton
- Chicago man charged with assaulting two officers during protests of Netanyahu address to Congress
- The Best Stocking Stuffers Under $25
- California pledged $500 million to help tenants preserve affordable housing. They didn’t get a dime.
Ranking
- Elon Musk’s Daughter Vivian Calls Him “Absolutely Pathetic” and a “Serial Adulterer”
- Does Apple's 'Submerged,' the first short film made for Vision Pro headset, sink or swim?
- Back-to-back hurricanes reshape 2024 campaign’s final stretch
- Judge blocks Penn State board from voting to remove a trustee who has sought financial records
- Blake Lively’s Inner Circle Shares Rare Insight on Her Life as a Mom to 4 Kids
- Who shot a sea lion on a California beach? NOAA offers $20K reward for information
- Chicago man charged with assaulting two officers during protests of Netanyahu address to Congress
- Trial opens of Serb gunmen accused of attacking Kosovo police
Recommendation
Taylor Swift makes surprise visit to Kansas City children’s hospital
Yankees get past Royals to reach ALCS, seeking first World Series since 2009
Days of Our Lives Star Drake Hogestyn's Cause of Death Revealed
Anna Delvey's 'DWTS' partner reveals 'nothing' tattoo after her infamous exit comment
Former Milwaukee hotel workers charged with murder after video shows them holding down Black man
Priscilla Presley’s Ex-Boyfriend Michael Edwards Denies Molesting Lisa Marie Presley When She Was 10
Venezuela vs. Argentina live updates: Watch Messi play World Cup qualifying match tonight
Justin Timberlake Shares Update Days After Suffering Injury and Canceling Show