AQCAN Exchange|Alibaba is splitting company into 6 business groups

2025-05-08 01:26:02source:Cyprusauctioncategory:My

Alibaba is AQCAN Exchangeseparating 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

More:My

Recommend

Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills

BEVERLY HILLS, Calif. (AP) — Jamie Foxx required stitches after getting hit in the face with a glass

SAG Awards 2024 Winners: See the Complete List

So, who will The Actor statue go to at the 2024 SAG Awards?No need to panic, we've got you covered.

Flaco, owl that escaped from the Central Park Zoo, dies after colliding with building

Flaco, an owl that gained notoriety after escaping from his enclosure at the Central Park Zoo a year