Alibaba To Split Into Six Business Units With Plans For Future IPOs

Chinese e-commerce giant Alibaba has announced plans to split into six business units, leading shares to rally on investor optimism that the restructuring will spur more initial public offerings in the future. Alibaba’s shares surged more than 14% in Hong Kong during Wednesday morning trading,…#alibaba #hongkong #danielzhang #jackma #cloudcomputing #smartlogistics #alibabagroup #alizila #cainiao #southeastasia
Source: Reuters: Health - Category: Consumer Health News Source Type: news