ALIBABA GROUP SPLIT
ALL YOU NEED TO KNOW
Published By Livemint | 29 Mar, 2023
The split
Chinese e-commerce giant Alibaba Group will be split into six units
Jack Ma
The announcement coincided with the return of Alibaba founder Jack Ma to China after a gap of around 1 year
Credit : Reuters
Regulatory trouble
It also signals that Ailbaba's regulatory worries could be clearing
Separate CEO
Each group will have its own CEO and Board of Directors
Distinct businesses
Each of the groups will cover a key business line like ecommerce, cloud computing etc.
Credit : Freepik
Capital
They will also have the ability to raise outside capital and seek an initial public offering
Holding company
Alibaba Group will become a holding company overseeing all the six units
Credit : Reuters
Daniel Zhang
Daniel Zhang will continue as the chairman and CEO of the holding company
Credit : twitter.com/WestmoneyNewsd
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