(Shanghai/Beijing Comprehensive News) The Alibaba Group announced on Tuesday (28th) that it will be split into six major business groups, which can make independent financing and seek listing.This will be the largest reorganization of Alibaba Group in the 24 years since its establishment.
Comprehensive Bloomberg, Reuters and First Financial reports, Zhang Yong, chairman and CEO of Alibaba Group, announced the decision of the organization's change on Tuesday.
According to the organizational change plan for the construction of "1+6+N", under Alibaba Group, the six major business groups including Alibaba Cloud Smart, Taobao Tmall Commercial, Local Life, International Digital Commercial, Cainiao, and EntertainmentAnd multiple business companies.This means that various business groups will face the market independently in a more agile attitude. In the future, business groups and companies with conditions may be independent of financing and seeking listing.
China official has criticized the monopoly behavior of the economic field of the Internet platform and the disorderly expansion of capital.Bloomberg reports that Alibaba's reorganization means that the company's business and decision -making power will be scattered, and this decision is likely to be supported by government regulators.
According to the letter sent by Zhang Yong to all employees, Zhang Yong himself serves as the CEO of Alibaba Cloud Smart Group; Dai Shan is the CEO of Taobao Tmall Commercial Group;Commercial Group CEO; Fan Luyuan is CEO.
The news that Alibaba founder Ma Yun returned to China was exposed on Monday (27th), and Ali made a major announcement the next day.Some analysts believe that there are some coincidences between the two, but Ali may have planned this spin -off plan for a while, just waiting for the time to announce.
After Jack Ma publicly bombarded the Chinese regulatory agency at the Shanghai Bund forum in 2020, not only was the Ant Group's listing plan was suspended, but the regulatory authorities also investigated Ali's suspected monopoly.Since then, Jack Ma, who has a high -profile style, has become low -key, and has traveled to China for about a year.
