Alibaba Splits Into Six Units That May Pursue Individual IPOs

Bloomberg2023-03-28

Alibaba Group Holding Ltd. plans to split its $220 billion business into six main units encompassing e-commerce, media and the cloud, each of which will explore fundraising or initial public offerings...

Source Link
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Rinn Chan
    2023-04-02
    Rinn Chan
    Nice
  • hphoa
    2023-03-28
    hphoa
    Well done baba
  • kong1509
    2023-03-28
    kong1509
    Ok
  • Yeahyeah
    2023-03-28
    Yeahyeah
    So is this good? 
    • Bloomberg Markets: 
      Yea extremely bullish. This allows Alibaba to be more focus on all their core business and grow even faster. Also during bad days like 2021, damage will be limited after the splitting,
  • Kk66
    2023-03-28
    Kk66
    Ok
Leave a comment
5
5