Alibaba Group Holding Ltd said it plans split its business into six main units covering e-commerce, media and the cloud, adding that each of the units will explore fundraising or initial public offerings.
it plans split its business into six main units covering e-commerce, media and the cloud, adding that each of the units will explore fundraising or initial public offerings.DAVID BLENNERHASSETT, ANALYST AT BALLINGAL INVESTMENT ADVISORS
"Although this may provide added granularity to Alibaba's various businesses, it doesn't necessarily translate Alibaba is more attractive if it continues to control each segment - or holding minority/equity-accounting stakes, and the market assigns discounts on discounts. "And it will allow the more successful of the six new companies to potentially raise finance more easily and cheaply than the parent company can, as they will not be burdened by the slower, less profitable parts of the business. So for investors, they get the opportunity to put their funds in the parts they like whilst avoiding the parts they do not, unlike the current situation.
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