Alibaba shares pop 6% after it says it will split into 6 business units
In this articleAlibaba has faced growth challenges amid regulatory tightening on China's domestic technology sector and a slowdown in the world's second-largest economy. But analysts think the e-commerce giant's growth could pick up through the rest of 2022.said Tuesday it will split its company into six business groups, each with the ability to raise outside funding and go public, in the most significant reorganization in the Chinese e-commerce giant's history.
Each of these units can pursue independent fundraising and a public listing when they're ready, Zhang said.- This is a breaking news story. Please check back for more.
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