Alibaba to Split Into Six Units That Can Pursue IPOs, Fundraising

2023-03-28

$Alibaba(BABA)$ will restructure into six units that will be able to pursue independent fundraising and intial public offerings, it said Tuesday.

The company said it will reorganize into business groups focused on cloud intelligence, local services, logistics, digital media and entertainment, and commerce, each with their own chief executives and boards, according to a post on a company news website.

"The market is the best litmus test, and each business group and company can pursue independent fundraising and IPOs when they are ready," Daniel Zhang, Alibaba's chief executive and chairman, said in a letter to employees, according to the post.

Alibaba, with a market capitalization of about $230 billion, will follow a holding company management model, it said. Mr. Zhang will continue to lead the 24-year-old company and serve as the CEO of the cloud-intelligence group.

One business unit--Taobao Tmall Commerce Group--will remain wholly owned by Alibaba.

HKEX Stocks Opportunities

Any thoughts and experiences on investing in the HK stock market? Share them with all Tigers here!

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

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":9941376536,"tweetId":"9941376536","gmtCreate":1680009707225,"gmtModify":1680009714869,"author":{"id":9000000000000528,"idStr":"9000000000000528","authorId":9000000000000528,"authorIdStr":"9000000000000528","name":"JudyFrederick","avatar":"https://static.tigerbbs.com/f2f16969c066c927390c828865b22d18","vip":8,"userType":8,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":5,"starInvestorFlag":false},"themes":[{"themeId":"ddcc60b0deb047dbb13d9231cfe09cc4","categoryId":"7cf744760f454845a1870a05ea4e151d","name":"HKEX Stocks Opportunities","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":ddcc60b0deb047dbb13d9231cfe09cc4}&rnconfig={\"headerBarHidden\": true}","description":"Any thoughts and experiences on investing in the HK stock market? Share them with all Tigers here!","image":"https://static.tigerbbs.com/04f6663a3550c581b1772d22d2378d4c"}],"images":[{"img":"https://community-static.tradeup.com/news/3a7d4db13c3a67df54fe6410eb86dc7b","width":"-1","height":"-1"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/3a7d4db13c3a67df54fe6410eb86dc7b","width":"-1","height":"-1"}],"title":"Alibaba to Split Into Six Units That Can Pursue IPOs, Fundraising","html":"<html><head></head><body><img src=\"https://community-static.tradeup.com/news/3a7d4db13c3a67df54fe6410eb86dc7b\" tg-width=\"-1\" tg-height=\"-1\"><a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a> will restructure into six units that will be able to pursue independent fundraising and intial public offerings, it said Tuesday.The company said it will reorganize into business groups focused on cloud intelligence, local services, logistics, digital media and entertainment, and commerce, each with their own chief executives and boards, according to a post on a company news website.\"The market is the best litmus test, and each business group and company can pursue independent fundraising and IPOs when they are ready,\" Daniel Zhang, Alibaba's chief executive and chairman, said in a letter to employees, according to the post.Alibaba, with a market capitalization of about $230 billion, will follow a holding company management model, it said. Mr. Zhang will continue to lead the 24-year-old company and serve as the CEO of the cloud-intelligence group.One business unit--Taobao Tmall Commerce Group--will remain wholly owned by Alibaba.</body></html>","htmlText":"<html><head></head><body><img src=\"https://community-static.tradeup.com/news/3a7d4db13c3a67df54fe6410eb86dc7b\" tg-width=\"-1\" tg-height=\"-1\"><a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a> will restructure into six units that will be able to pursue independent fundraising and intial public offerings, it said Tuesday.The company said it will reorganize into business groups focused on cloud intelligence, local services, logistics, digital media and entertainment, and commerce, each with their own chief executives and boards, according to a post on a company news website.\"The market is the best litmus test, and each business group and company can pursue independent fundraising and IPOs when they are ready,\" Daniel Zhang, Alibaba's chief executive and chairman, said in a letter to employees, according to the post.Alibaba, with a market capitalization of about $230 billion, will follow a holding company management model, it said. Mr. Zhang will continue to lead the 24-year-old company and serve as the CEO of the cloud-intelligence group.One business unit--Taobao Tmall Commerce Group--will remain wholly owned by Alibaba.</body></html>","text":"$Alibaba(BABA)$ will restructure into six units that will be able to pursue independent fundraising and intial public offerings, it said Tuesday. The company said it will reorganize into business groups focused on cloud intelligence, local services, logistics, digital media and entertainment, and commerce, each with their own chief executives and boards, according to a post on a company news website. \"The market is the best litmus test, and each business group and company can pursue independent fundraising and IPOs when they are ready,\" Daniel Zhang, Alibaba's chief executive and chairman, said in a letter to employees, according to the post. Alibaba, with a market capitalization of about $230 billion, will follow a holding company management model, it said. Mr. Zhang will continue to lead the 24-year-old company and serve as the CEO of the cloud-intelligence group. One business unit--Taobao Tmall Commerce Group--will remain wholly owned by Alibaba.","highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9941376536","repostId":0,"isVote":1,"tweetType":1,"viewCount":536,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["BABA"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":817,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9941376536"}