Current:Home > NewsJohnathan Walker:Alibaba is splitting company into 6 business groups -VisionFunds
Johnathan Walker:Alibaba is splitting company into 6 business groups
Johnathan Walker View
Date:2025-04-06 18:00:53
Alibaba is Johnathan Walkerseparating 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
veryGood! (883)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Three people die in a crash that authorities discovered while investigating a stolen vehicle
- Private intelligence firms say ship was attacked off Yemen as Houthi rebel threats grow
- Tyreek Hill exits Dolphins’ game vs. Titans with an ankle injury
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Mason Disick Looks So Grown Up in Rare Family Photo
- Did inflation drift lower in November? CPI report could affect outlook for interest rates
- New Hampshire man arrested for allegedly threatening to kill Vivek Ramaswamy
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Arkansas AG rejects language for proposed ballot measure protecting access to government records
Ranking
- Bodycam footage shows high
- After losing Houston mayor’s race, US Rep. Sheila Jackson Lee to seek reelection to Congress
- Supreme Court declines challenge to Washington state's conversion therapy ban for minors
- Bluestocking Bookshop of Michigan champions used books: 'I see books I've never seen before'
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- 'The Crown' Season 6, Part 2: Release date, cast, trailer, how to watch final episodes
- Aaron Rodgers spent days in total darkness and so did these people. But many say don't try it.
- Man charged in Fourth of July parade shooting plans to represent himself at trial
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Pennsylvania school choice program criticized as ‘discriminatory’ as lawmakers return to session
Person of interest arrested in slaying of Detroit synagogue president
Red Wings' David Perron suspended six games for cross-checking Artem Zub in the head
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
Myanmar’s military government says China brokered peace talks to de-escalate fighting in northeast
Taylor Swift and Travis Kelce’s Kiss Proves He’s King of Her Heart
1000-Lb. Sisters' Amy Slaton Details “Sparks” in New Romance After Michael Halterman Breakup