Alibaba rose 14.3%in the US stock market. Previously, this Chinese technology giant formulated a plan to split business into six independent operation entities.
According to Bloomberg report, Alibaba's trading price of stocks listed on Tuesday (March 28) in the United States is $ 98.40 (S $ 130.66).
Alibaba announced on Tuesday that it will be split into six major business groups after the close of the Hong Kong stock market, which can make independent financing and seek listing.This is the largest architecture reorganization since the 24 years of Alibaba.Alibaba is also listed in Hong Kong.
Alibaba's commercial empire will be split into six major business groups, including Alibaba Cloud Smart, Taobao Tmall Business, Local Life, Cainiao, International Digital Commercial, Great Entertainment.
Alibaba will fully implement the management of the holding company, supervised by the current CEO and chairman Zhang Yong.Zhang Yong said that the conditional groups and companies with conditions will have the possibility of independent financing and listing.
The Wall Street Journal quoted people familiar with the matter and revealed that Alibaba's listing in New York and Hong Kong will not be affected.
The day before these plans were announced, Alibaba's co -founder Ma Yun returned to China after nearly a year.
