Alibaba likely to yield control of some business units in rejig: Report ...Middle East

Business Standard - Economy
Alibaba likely to yield control of some business units in rejig: Report
source : Business Standard ( Middle East ) () 26
Top executives of Chinese e-commerce and financial giant Alibaba said Thursday that the company is moving toward giving up control of some of its business units in a transition toward becoming a capital operator to optimise the value of its sprawling businesses. Alibaba CEO Daniel Zhang outlined details of a plan announced earlier this week to split Alibaba into six main groups as a prelude toward stock listings of some of its companies. The restructuring marks a new stage in Alibaba's growth after a series of setbacks as regulators cracked down on it and other tech companies. Alibaba, whose headquarters is in the eastern city of Hangzhou, will be in the nature of a holding company that is t

Read More Details
Finally We wish PressBee provided you with enough information of ( Alibaba likely to yield control of some business units in rejig: Report )

Also on site :

Most viewed in Economy
Trump economic advisor confident in China trade deal conclusion on Monday
PRESSBEE - before 40 minute
Sungrow Releases the Groundbreaking PowerTitan 3.0 Energy Storage System Platform
PR Newswire - before 5 hours & 25 minute
China's exports to the U.S. clock their sharpest drop in more than 5 years — down over 34% in May
CNBC - before 4 hours & 3 minute
China’s Rare Earths Weapon Could Kill Europe’s Auto Industry
OILPRICE - before 9 hours & 13 minute
Lancement officiel des ventes du CIBS 2026 : l'avenir prospère sur l'eau, stimulant la consommation pour renforcer la position des industries
PR Newswire - before 5 hours & 54 minute
Игра и не только: вклад Haier в будущее молодежи и устойчивое развитие
PR Newswire - before hour & 40 minute
Vantage sleept de titel 'Best Customer Support' in de wacht tijdens de Global Business Review Magazine Awards 2025
PR Newswire - before 5 hours & 11 minute
Nigeria: Nigerian Military Destroys 27 Illegal Oil Refining Sites in May - Official
allafrica - before 2 hours & 51 minute
LITEON Debuts High-Performance AI Infrastructure Solutions at the Datacloud Global Congress in Cannes, France
PR Newswire - before hour & 54 minute
MEXC Unveils New Launchpad Featuring BTC to Kick Off BTC Trading Month
PR Newswire - before 6 hours & 11 minute
Vantage bekroond met "Best Trading Platform"-award tijdens de Wealth Expo Argentina 2025
PR Newswire - before 4 hours & 25 minute
28bio Announces Nexon™ Neurotechnology Platform Powered by Engineered Human Brains
PR Newswire - before 2 hours & 10 minute


Latest News

London talks are just the start of efforts to close U.S.-China trade divide

before minute

Trust3 AI Announces Trust AI for Databricks

before 10 minute

Trump economic advisor confident in China trade deal conclusion on Monday

before 40 minute

LG Innotek Unveils World's First Automotive 5G Broadband Satellite Communication Module

before 55 minute

China extends an olive branch to Western auto giants over rare earth shortage

before hour & 4 minute

China Imports 18% Less Coal in May

before hour & 9 minute

Middle East Cybersecurity Market worth $26.04 billion by 2030- Exclusive Report by MarketsandMarkets™

before hour & 10 minute

Morgan Stanley: OPEC+ Fails to Deliver on Output Pledge

before hour & 23 minute

Игра и не только: вклад Haier в будущее молодежи и устойчивое развитие

before hour & 40 minute

LITEON Debuts High-Performance AI Infrastructure Solutions at the Datacloud Global Congress in Cannes, France

before hour & 54 minute

28bio Announces Nexon™ Neurotechnology Platform Powered by Engineered Human Brains

before 2 hours & 10 minute

Nigeria: Nigerian Military Destroys 27 Illegal Oil Refining Sites in May - Official

before 2 hours & 51 minute

China's exports to the U.S. clock their sharpest drop in more than 5 years — down over 34% in May

before 4 hours & 3 minute

Vantage bekroond met "Best Trading Platform"-award tijdens de Wealth Expo Argentina 2025

before 4 hours & 25 minute

Vantage sleept de titel 'Best Customer Support' in de wacht tijdens de Global Business Review Magazine Awards 2025

before 5 hours & 11 minute