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Alibaba is Divided Into 6 Groups, 5 aim at IPO
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Alibaba is Divided Into 6 Groups, 5 aim at IPO
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executive summary
Study the current and hot topic with Finance Mandarin. This tailor-made topic Alibaba is for bankers who have 300 words. Read the original and first-hand info in Chinese.
Alibaba to split into 6 companies, pursue IPOs in a major shakeup. The announcement comes day after founder Jack Ma was spotted in China.
The six new groups will be Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Service Group, Cainiao Smart Logistics, Global Digital Commerce Group and Digital Media and Entertainment Group.
Each of the groups will be run by its own CEO and board of directors, with the CEOs assuming full responsibility for company performance.
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