Current:Home > FinanceAlibaba is splitting company into 6 business groups -ProfitPioneers Hub
Alibaba is splitting company into 6 business groups
View
Date:2025-04-16 02:11:34
Alibaba is separating 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! (3651)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- As Israel battles Hamas, Biden begins diplomatic visit with Netanyahu in Tel Aviv
- Man punched Sikh teen in turban on New York City bus in suspected hate crime, authorities say
- How international law applies to war, and why Hamas and Israel are both alleged to have broken it
- Tom Holland's New Venture Revealed
- Ukraine uses U.S.-supplied long-range ATACMS missiles for first time in counteroffensive against Russia
- Jeannie Mai's Estranged Husband Jeezy Details His 8-Year Battle With Depression
- Staying in on Halloween? Here’s Everything You Need for a Spooky Night at Home
- Sam Taylor
- 4 men, including murder suspect, escape central Georgia jail: 'They could be anywhere'
Ranking
- Meta releases AI model to enhance Metaverse experience
- Ever heard of ghost kitchens? These virtual restaurants are changing the delivery industry
- Jurors in New Mexico deliver split verdicts in kidnapping and terrorism case
- Former Virginia House Speaker Filler-Corn will forego run for governor and seek congressional seat
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Malaysia says landslide that killed 31 people last year was caused by heavy rain, not human activity
- Is Choice buying Wyndham? Hotel operator offers nearly $8B for buyout
- Love Is Blind’s Izzy Zapata Debuts New Girlfriend After Stacy Snyder Breakup
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
Kansas agency investigated girl’s family 5 times before she was killed, a report shows
What did Michael Penix Jr. do when Washington was down vs. Oregon? Rapped about a comeback
Ex-Oregon prison nurse convicted of sexually assaulting women in custody gets 30 years
Kentucky Gov. Andy Beshear ready to campaign for Harris-Walz after losing out for spot on the ticket
Former Brooklyn resident sentenced to life in prison for aiding Islamic State group as sniper
Body of JJ Vallow, murdered son of 'Doomsday Mom' Lori Vallow, to be released to family
Instead of coming face-to-face with Michael Cohen, Trump confronts emails and spreadsheets at New York trial