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Alibaba splits into six business groups

By dividing China’s e-commerce companies into six business groups, Alibaba hopes to respond more quickly to market changes and increase its value.

Alibaba Group Holding Ltd. said in a regulatory filing that it will be split into Cloud Intelligence Group, Taobao Tmall Business Group, Local Services Group, Global Digital Business Group, Cainiao Smart Logistics and Digital Media and Entertainment Group. rice field.

Taobao Tmall Business Group will remain wholly owned by Alibaba Group, although each group can raise external funding and possibly seek its own initial public offering, the company said.


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By dividing China’s e-commerce companies into six business groups, Alibaba hopes to respond more quickly to market changes and increase its value.Alibaba Group Holding Ltd. said in a regulatory filing that it will be split into Cloud Intelligence Group, Taobao Tmall Business Group, Local Services Group, Global Digital Business Group, Cainiao Smart Logistics and Digital Media and Entertainment Group. rice field.Taobao Tmall Business Group will remain wholly owned by Alibaba Group, although each group can raise external funding and possibly seek its own initial public offering, the company said.

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