Thursday, March 30, 2023

Alibaba Restructures

©iStock/Robert Way
The Jack Ma-founded conglomerate, which includes Alibaba, said on Tuesday, March 28, 2023 it was planning to split into six units and explore fundraisings or listings for most of them, marking the biggest restructuring in its 24-year history.

This might be a signal that Beijing’s regulatory crackdown on corporates is ending, propelling the conglomerate's shares higher and boosting investor confidence in prospects for Chinese tech firms.

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