China's Alibaba restructures gaming unit to challenge Tencent, NetEase

REUTERS/Aly Song

Alibaba Group Holding separated its gaming unit from its sprawling entertainment division and created an independent group to compete with two bigger rivals, Tencent Holdings and NetEase.

The move was another major restructuring after Alibaba reorganized its culture and entertainment business in June 2019 into a new unit, which includes its video streaming platform Youku Tudou, streaming music platform Alibaba Music, movie division Alibaba Pictures, ticket-booking platform Damai and UCWeb browsers.

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