Alibaba Group will divide its business into 6 parts

Alibaba Group Latest News:

Alibaba Group is going to divide its entire business into 6 parts.

[{"selector":"#anim-59689fb0-b30a-4a1e-9377-1470918e0fc9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(30.03203107123216%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3a6aa188-b347-43e9-9d0f-c117385bd9dc","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cc47bbd4-5a0e-4bdc-bf33-0d8586ef8746","keyframes":{"transform":["translate3d(0px, 155.15876%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Major Chinese tech firm Alibaba Group announced on Tuesday that it will split its business into six business groups.

[{"selector":"#anim-af97ef31-8077-45e0-af94-23973ed96db6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.6246450082439778%, 14.015004649175626%) scale(0.7194244604316546)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9d6bdb90-7cac-4e59-99fd-9ec590c00226","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-849ac87b-3549-448a-a47f-388e39fd7220","keyframes":{"transform":["translate3d(0px, 156.58731%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] According to the company, each of the six new units will now be managed by its own CEO and board of directors.

[{"selector":"#anim-b6238a74-c4ef-4909-a843-bc1b88a9d680 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(63.354700757457884%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6ce4f721-2a20-415b-98c7-a1dae491c396","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-963ca534-ccca-41c8-a97e-4c8b1d438d42","keyframes":{"transform":["translate3d(0px, 161.06282%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Day-to-day operations of all 6 individual business units will be handed over to new management.

[{"selector":"#anim-2362d85b-5c2e-4b86-bdc8-6027d8884528 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.091319299003008%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-95e9fdab-76a0-4115-bf15-3a06889b5d21","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-58449b8a-37ef-43c1-b00b-303025c68c21","keyframes":{"transform":["translate3d(0px, 150.15874%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Even after the business division of Alibaba Group, Daniel Zhang will continue in his position as the CEO of the company.

[{"selector":"#anim-8f5d1a84-d80f-4960-86a2-7eab69a714b2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(23.749999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ab698caa-72fc-4a23-8559-ef7f8e8cd96f","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-62e5bc1e-850a-4094-ad6b-6622d5166a0e","keyframes":{"transform":["translate3d(0px, 167.14980%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The company's President and CEO Daniel Zhang gave this information in a statement on 28 February.

[{"selector":"#anim-38dc7227-afcd-4b63-ba34-672d71eeb38f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-15.63233708263374%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-48e5f26e-8de6-4559-a75e-0220dbaba6b0","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7b4183de-9b6b-444d-bce7-4caf9ce7b812","keyframes":{"transform":["translate3d(0px, 168.88891%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Zhang said that the split will help in raising funds and taking forward the initial public offering plans.

[{"selector":"#anim-b373de8b-5933-4d9a-9d3a-acee4c3be74a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(58.115616328852084%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3134ed73-6085-4653-a870-f34d20823ce4","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-71428607-b693-4a84-bf72-4d1c971bd25c","keyframes":{"transform":["translate3d(0px, 150.15874%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] This move by Alibaba could prove to be helpful in unlocking shareholder value and boosting market competitiveness.

[{"selector":"#anim-b2be2e47-6da1-40fe-99c1-e4d902159f4d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-43.95833321955906%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-cdf501a8-1c3a-4eb5-9c6d-8884350a042d","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3d574ea0-60af-4d2c-84af-14c530b60f32","keyframes":{"transform":["translate3d(0px, 149.44446%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Alibaba Group Holding Limited, also known as Alibaba is one of the most prominent tech giants in China.

[{"selector":"#anim-c08696e7-e18f-4acf-ab2c-5ff3fcbbec2c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.624999795206307%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6c5915f4-859e-467e-a2b8-4213e2571c95","keyframes":{"opacity":[0,1]},"delay":700,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-89835c5f-0bfc-4117-827d-6caa0613d65f","keyframes":{"transform":["translate3d(115.14195%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Alibaba operates businesses in cloud computing, e-commerce, logistics, media and entertainment, and artificial intelligence. WSHFX: Best Equity Fund!