Alibaba to split into six units, explore IPOs in massive overhaul

Alibaba to split into six units, explore IPOs in massive overhaul

FILE PHOTO: The logo of Alibaba Group is seen at its offices in Beijing, China Jan. 5, 2021. REUTERS/Thomas Peter/

Alibaba Group Holding Ltd is planning to split its business into six main units covering e-commerce, media and the cloud, the company said on Tuesday, adding that each of the units will explore fundraising or initial public offerings.

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