Corporate and M&A

Alibaba to be divided into 6 business units

2023-03-29T08:12:00

Alibaba Group Logo

Alibaba will split into six business units that will have the right to raise funds independently and be listed. The restructuring aims to make the group “more agile, shorten decision-making links and respond faster,” Daniel Zhang, chairman and chief executive, wrote in a letter to staff.

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