EchoSense|Alibaba is splitting company into 6 business groups

2025-05-02 21:54:51source:CAI Communitycategory:Finance

Alibaba is EchoSenseseparating 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:Finance

Recommend

Federal agencies are reeling from Trump administration cuts to government

Whether a "chainsaw," per Elon Musk, or "scalpel," as President Trump has said — the Trump administr

Blue Cross of North Carolina Decided Against an Employee Screening of a Documentary That Links the State’s Massive Hog Farms to Public Health Ills

René Miller rests in a recliner in a darkened room, gasping through a nebulizer to ease her asthma.

Multiple people reported shot in northern Illinois in a ‘mass casualty incident,’ authorities say

DIXON, Ill. (AP) — Multiple people have been reported shot Wednesday in northern Illinois in what au