Alibaba Weighs Ceding Control of Some Businesses Over Time

23
1
Favorite

Alibaba Weighs Ceding Control of Some Businesses Over Time

Bloomberg2023-03-30

Alibaba Group Holding Ltd. will consider gradually giving up control of some of its main businesses, after completing a major overhaul to create six new companies that may debut on public markets....

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.

Report

Comment（1）

Coyotero
·2023-03-30
Alla round the world, even in China, the Technology Branches are growing with a lot of cross selling proposals, so we will see if this Mamés dense
Reply
5
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1198713421?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-03-30 15:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1198713421","market":"hk","top_or_hot":-1,"title":"Alibaba Weighs Ceding Control of Some Businesses Over Time","media":"Bloomberg","content":"<div>\n<p>Alibaba Group Holding Ltd. will consider gradually giving up control of some of its main businesses, after completing a major overhaul to create six new companies that may debut on public markets....</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-30/alibaba-ceo-says-may-cede-control-of-some-businesses-over-time?srnd=premium-asia\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Weighs Ceding Control of Some Businesses Over Time</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Weighs Ceding Control of Some Businesses Over Time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-30 15:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-30/alibaba-ceo-says-may-cede-control-of-some-businesses-over-time?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba Group Holding Ltd. will consider gradually giving up control of some of its main businesses, after completing a major overhaul to create six new companies that may debut on public markets....</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-30/alibaba-ceo-says-may-cede-control-of-some-businesses-over-time?srnd=premium-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BABA","symbol_name":"阿里巴巴","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2023-03-30/alibaba-ceo-says-may-cede-control-of-some-businesses-over-time?srnd=premium-asia","article_id":"1198713421","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1198713421","pubTimestamp":1680160135,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Alibaba Group Holding Ltd. will consider gradually giving up control of some of its main businesses,","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"translate_title":"随着时间的推移，阿里巴巴-SW考虑放弃对一些业务的控制权","themeId":"dabeb085ccdd4624b7403eda55608461","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09988":0.9,"BABA":0.9},"content_text":"Alibaba Group Holding Ltd. will consider gradually giving up control of some of its main businesses, after completing a major overhaul to create six new companies that may debut on public markets.China’s online commerce leader unveiled plans this week to split its $250 billion empire six ways, a historic restructuring that frees up divisions from e-commerce and media to the cloud to operate more autonomously and seek initial public offerings. Chief Executive Officer Daniel Zhang hosted a conference call on Thursday to explain the changes, but declined to specify a timeline for any IPOs except to say they will evaluate market conditions.Alibaba has gained more than $30 billion of market value since Tuesday’s announcement, which also fired up a rally in fellow Chinese technology shares. It gained another 2.8% in Hong Kong Thursday.The biggest overhaul in Alibaba’s history could serve as a model for a shake-up of the broader technology sector, achieving Beijing’s aim of curtailing increasingly powerful private firms while unlocking shareholder value.That shuffle is regarded as addressing two imperatives: appeasing a government distrustful of Big Tech while assuaging investors traumatized by a years-long regulatory crackdown. “This may mark the end of the two-year period where the regulators were really scrutinizing these big tech platforms in China. So this may be a signal that it’s time to move on,” said George Sun, head of global markets for Greater China at BNP Paribas. “The real test is whether these individual companies, these six companies, are going to be competitive on their own.”Alibaba’s board will initially remain in control of each of the six but intends to reduce its role over time. The idea is to become more of an asset or capital backer than to intervene in their businesses, Zhang told analysts on the conference call. “Of course the governance structures will be changing, but there will be business continuity across our range of different businesses,” he said. The overhaul plan is also spurring hopes for Hong Kong’s IPO market. Initial public offerings by Chinese firms have slumped in Hong Kong and abroad since since mid-2021 as Beijing expanded a crackdown over several large companies and industry groups ranging from technology to education.The financial hub’s advantages include easy access for foreign investors, while Beijing’s proximity can ease its policymakers’ concerns about oversight, according to analysts. While other Chinese conglomerates may follow Alibaba’s overhaul, mainland bourses could also attract some potential listings, they said.Alibaba Shares Surge by Most Since JanuaryThe shift to a holding company structure is rare for major Chinese tech firms and could present a template for peers such as WeChat operator Tencent Holdings Ltd.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9941871890,"gmtCreate":1680163584110,"gmtModify":1680163588505,"author":{"id":"4088603056259110","authorId":"4088603056259110","name":"Coyotero","avatar":"https://static.tigerbbs.com/574bc8dfeae125970c5216cebb00264f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4088603056259110","authorIdStr":"4088603056259110"},"htmlText":"Alla round the world, even in China, the Technology Branches&nbsp;are growing with a lot of cross selling proposals, so we will see if this Mamés dense","listText":"Alla round the world, even in China, the Technology Branches&nbsp;are growing with a lot of cross selling proposals, so we will see if this Mamés dense","text":"Alla round the world, even in China, the Technology Branches are growing with a lot of cross selling proposals, so we will see if this Mamés dense","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941871890","repostId":1198713421,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":23,"commentSize":1,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}