Alibaba may yield control of some biz units in rejig
Business Standard|March 31, 2023
Top executives of Chinese e-commerce and financial giant Alibaba said Thursday that the company is moving toward giving up control of some of its business units in a transition toward becoming a capital operator to optimise the value of its sprawling businesses.
Alibaba may yield control of some biz units in rejig

Alibaba CEO Daniel Zhang outlined details of a plan announced earlier this week to i split Alibaba into six main groups as a prelude toward n b stock listings of some of its companies.

The restructuring marks a new stage in Alibaba's growth after a series of setbacks as regulators cracked down on it and other tech companies.

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