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Bangkok Post
Bangkok Post
Business

Alibaba to split into six units

Alibaba Alibaba Group Holding Ltd Daniel Zhang Jack Ma IPO e-commerce United States
(Photo: Reuters)

Alibaba Group Holding Ltd has announced plans to split its $220-billion business into six main units encompassing e-commerce, media and the cloud, each of which will explore fundraising or an initial public offering (IPO) when the time is right.

Group chief executive officer Daniel Zhang will head up the cloud intelligence division, reflecting the growing role that AI will play in the e-commerce leader’s portfolio in the long run.

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