Alibaba to Split into Six Different Entities
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
One of China's biggest tech companies is embracing a "let a hundred flowers bloom" approach to corporate expansion.
On Tuesday, e-commerce giant Alibaba announced its intention to split its massive privately owned empire into six discrete entities, with each potentially seeking separate public listings. It's a stark reversal from a yearslong effort to create an all-in-one megacorporation
Source Fool.com