Alibaba to split into 6 units and go up 14%
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Alibaba said Tuesday it will split its company into six business groups, each with the ability to raise outside funding and go public.
It is the most significant reorganization in the Chinese e-commerce giant’s history.
Alibaba said in a statement that the move is “designed to unlock shareholder value and foster market competitiveness.”
Alibaba’s shares popped more than 14% in the U.S.
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HopelessChi : every rebound will be an opportunity to sell just as how it opened and end day it is sold off.
whqqq : The six units can pursue IPOs when they are ready, which helped boost investor sentiment.
bwjx : why is Baba splitting into 6 units a bad news to investors?