Alibaba Considers Yielding Control of Some Businesses in Overhaul
Alibaba Group said on Thursday it will look to monetize non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70% off its shares. Group CEO Daniel Zhang said the company's breakup into separate businesses will allow…
Asharq Al-Awsat ·