Chinese e-commerce giant Alibaba said it will soon start carving out its units via IPOs ... Alibaba in March said it plans to split itself into six independently run companies, effectively ...
Alibaba is cutting 7% of the workforce ... This comes after it announced plans in March to split the company into six business units each with their own chief executive and board of directors.
Seven weeks after Alibaba announced its historic restructuring plan to split itself into six independent companies, the juggernaut is gearing up to spin off its intelligence group. Alibaba went ...
The announcements come less than two months after Alibaba revealed its plan to split into six business units in a radical break-up that comes after Beijing’s crackdown on China’s tech giants.
Investors harbored hopes that Alibaba’s March decision to split itself into six units might galvanize the market, enable the different operations to move more nimbly and fuel a share rebound.
Chinese stocks rose today on the belief that the Chinese government may soon inject more stimulus into the economy.
Alibaba announced Tuesday that it would split into six business groups in ... Under the new arrangement, each of the six newly established units will be managed by its own CEO and board of directors.
Alibaba revenue rose 2% year on year to hit 208.2 billion Chinese yuan ($29.6 billion) in the first quarterly earnings report issued since the company split into six units. This is the first full ...
Earlier this year, Alibaba announced plans to restructure into six units following a two-year regulatory crackdown on China's tech sector. It expects all of the units except for its China-facing e ...
Alibaba, which owns the South China Morning Post, said its six ... unit at some point in the next year through a “stock dividend distribution to shareholders”, turning its cloud business into ...
Chinese e-commerce giant Alibaba said it will soon start carving out its units via IPOs ... Alibaba in March said it plans to split itself into six independently run companies, effectively ...
Seven weeks after Alibaba announced its historic restructuring plan to split itself into six independent companies, the juggernaut is gearing up to spin off its intelligence group. Alibaba went ...
