Alibaba to split into 6 companies, pursue IPOs in major shakeup

Announcement comes day after founder Jack Ma spotted in China

20230328 alibaba top

Alibaba announced on March 28 it will split up into six separate businesses. © Reuters

CISSY ZHOU, Nikkei staff writer

HONG KONG -- Chinese e-commerce group Alibaba Group Holding will reorganize into six business groups and pursue public listings for five of them, in the most significant governance overhaul since the company was established 24 years ago.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.