Alibaba

Alibaba 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 ...

"It does seem something of a coincidence that this is happening just as Ma seems comfortable returning. and international investors," said Hariharan, managing director of global macro research. 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. Each of the six businesses will have a CEO as well as a board of directors and will retain the flexibility to raise outside capital and seek an initial public offering, the company said. Each business group, he said, had to tackle the rapid changes in the market and each Alibaba employee had to "return to the mindset of an entrepreneur". Register for free to Reuters and know the full story

Tech group will retain most profitable ecommerce businesses but allow other units to spin off and list separately.

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HONG KONG -- Chinese e-commerce group Alibaba Group Holding will reorganize into six business groups and pursue public listings for five of them, in t.

Alibaba Group plans to split its business into six main units covering e-commerce to cloud in the biggest restructuring of its 24-year history.

With the shakeup, Alibaba appears to be taking a page from American tech companies like Google, which restructured as Alphabet. Each new business unit will be overseen by its own chief executive and board of directors, the company said. The next year, Alibaba was [retired from his role](https://www.cnn.com/2019/09/09/tech/jack-ma-retire-alibaba/index.html) as executive chairman in 2019. [Ant Group](https://www.cnn.com/2021/04/13/tech/ant-group-restructuring-intl-hnk/index.html) won a key approval for capital expansion of its consumer finance unit and China has broadly adopted a more business-friendly posture. [hit with a record fine](https://www.cnn.com/2021/04/10/tech/alibaba-china-record-fine/index.html) from China’s antitrust regulators.

Alibaba's announcement on Tuesday (Mar 28) coincided with the return of its billionaire co-founder Jack Ma to China after more than a year abroad.

Alibaba's announcement on Tuesday (Mar 28) coincided with the return of its billionaire co-founder Jack Ma to China after more than a year abroad.

The Dow, the S&P 500 and the Nasdaq are set for a muted open Tuesday. Treasury yields up. Oil steady, one day after its best session since October.

Like the [Ralph Lauren](/quotes/RL/) (RL) renaissance? [Nvidia](/quotes/NVDA/) (NVDA) gets price target bump to $300 per share from $265 at Bernstein, which keeps outperform (buy) rating. Separately, fellow Club name [Microsoft](/quotes/MSFT/) (MSFT) sees PT boost to $305 per share from $265 at BMO. [Lyft](/quotes/LYFT/) (LYFT): co-founders Logan Green (CEO) and John Zimmer (president) step back and board member David Risher, a former [Amazon](/quotes/AMZN/) (AMZN) product guy, will take over as CEO next month. The Club owns off-price retailer [TJX Companies](/quotes/TJX/) (TJX) in this apparel segment looking to benefit from the major problems at [Kohl's](/quotes/KSS/) (KSS) and [Bed Bath & Beyond](/quotes/BBBY/) (BBBY). I will address (attack) these guys on our Monthly Meeting. This company, unlike [DoorDash](/quotes/DASH/) (DASH), failed to pivot to profitability. [Treasury yields](/quotes/US10Y/) up. Don't forget [Lululemon](/quotes/LULU/) (LULU) reports after the closing bell and expectations are very low. [Dow](/quotes/.DJI/), the [S&P 500](/quotes/.SPX/) and the [Nasdaq](/quotes/.IXIC/) are set for a [muted open](https://www.cnbc.com/2023/03/27/stock-market-today-live-updates.html) Tuesday. [Alibaba](/quotes/BABA/) (BABA) [splits into six units](https://www.cnbc.com/2023/03/28/alibaba-says-it-will-split-into-6-units-that-can-raise-funds-and-ipo.html), which, of course, creates excitement among American investors. [Oil](/quotes/@CL.1/) steady, one day after its best session since October.

China's online commerce leader surprised markets Tuesday by announcing plans to split its $220 billion empire into six units that will individually raise ...

China’s online commerce leader surprised markets Tuesday by announcing plans to split its $220 billion empire into six units that will individually raise funds and explore initial public offerings. Rivals, including Tencent Holdings Ltd., also surged in anticipation that Alibaba’s peers might explore similar actions in a loosened regulatory regime. Alibaba Group Holding Ltd.’s overhaul could serve as a template for a restructuring of China Tech itself: a shake-up that achieves Beijing’s aim of carving up the country’s tech titans while unlocking potentially billions of dollars in pent-up shareholder value.

Shares of Chinese technology giant Alibaba have jumped after it announced a plan to break up the company. The firm says five of the six units created by the ...

"Over the past few months, the government has been less harsh on big technology companies. The units will have their own chief executives and boards of directors. [the US Securities and Exchange Commission](https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0328/2023032801133.pdf) and [the Hong Kong Stock Exchange](https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0328/2023032801133.pdf), Alibaba said the units will "capture opportunities in their respective markets and industries, thereby unlocking the value of Alibaba Group's respective businesses". [recently returned to China after more than a year overseas](https://www.bbc.com/news/world-asia-china-65084344), according to a report in the Alibaba-owned South China Morning Post newspaper this week. Alibaba said the decision to split up the business is Shares of Chinese technology giant Alibaba have jumped after it announced a plan to break up the company.

Chinese e-commerce giant Alibaba has announced plans to split into six business units, leading shares to rally on investor optimism that the restructuring ...

He had stepped down from the helm of Alibaba in 2019, and plans to gradually relinquish control of Ant Group. It remains unclear how long Ma intends to stay in Hangzhou, which is also the headquarters of the e-commerce behemoth. I contribute to Forbes, and previously I freelanced for SCMP and Nikkei. The announcement of Alibaba’s restructuring coincides with Ma’s return to China. Alibaba’s shares surged more than 14% in Hong Kong during Wednesday morning trading, after Chief Executive Officer Daniel Zhang announced the restructuring in a Tuesday email to employees. Alizila, for its part, didn’t mention when the restructuring would be completed.

Alibaba Group Holding Ltd.'s massive overhaul plan boosted Chinese tech stocks, with investors betting the sector is in for an overdue revaluation as the ...

Shares in top Chinese tech firms rise after Alibaba plan fuels hopes of letup in regulatory scrutiny of the sector.

The revamp is the most significant restructuring in the company’s history and comes after Beijing launched a years-long regulatory crackdown on the tech sector, in which Alibaba was a common target. Its e-commerce rival JD.com Inc rose 7 percent and gaming giant Tencent Holdings Ltd gained 5 percent. That compared with a 2.3 percent jump in the benchmark Hang Seng Index and a 3.2 percent gain for the Hang Seng Tech Index. Alibaba said on Tuesday it was planning to split into six units and explore fundraisings or listings for most of them, in the biggest restructuring of the technology conglomerate in its 24-year history. Shares in Alibaba Group and other leading Chinese tech firms have risen as investors cheered an unprecedented revamp of the Jack Ma-founded company as heralding the beginning of the end to Shares in top Chinese tech firms rise after Alibaba plan fuels hopes of letup in regulatory scrutiny of the sector.

Investor SoftBank's stock rises 6% in Tokyo after ecommerce giant announces value-unlocking move to split into six units.

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Investors cheered a major revamp of Alibaba Group as a sign Beijing's crackdown on the corporate sector was nearing an end, sending shares of the Jack ...

In addition to its core gaming and social media businesses, Tencent also has cloud and fintech arms. Alibaba was a common target during the crackdown period. It would not be the first time Alibaba has spun off its business units. Zhang will also head the cloud-focused unit. SoftBank did not respond to a request for comment. Its group CEO and chairman Daniel Zhang may join the call, according to people familiar with the matter.

HONG KONG -- Alibaba Group Holding's plan to split into six business groups and launch separate public listings has triggered layoff fears at the Chin.

The company's American depositary receipts soared 14.26% in New York overnight. HONG KONG -- Alibaba Group Holding's plan to split into six business groups and launch separate public listings has triggered layoff fears at the Chinese e-commerce giant, sources told Nikkei Asia.

HONG KONG stocks surged on Wednesday (Mar 29), boosted by a jump in Alibaba's shares following the Internet giant's revamp and listing plan, which fuelled ...

HONG KONG -- Alibaba Group Holding's plan to split into six business groups and launch separate public listings has triggered layoff fears at the Chin.

The company's American depositary receipts soared 14.26% in New York overnight. HONG KONG -- Alibaba Group Holding's plan to split into six business groups and launch separate public listings has triggered layoff fears at the Chinese e-commerce giant, sources told Nikkei Asia.