(Hangzhou Comprehensive News) Chinese e -commerce giant Alibaba announced that it has split its business in clouds, logistics and fresh supermarkets, and start a separate listing plan.
Caixin.com reported that in the evening of Thursday (May 18), Alibaba said in the quarterly report as of March 2023 and the report of fiscal 2023 (the past 12 months of March 2023):It will be fully split from the Alibaba Group to the market and will be completed in the next 12 to 18 months.
Logistics business rookie and fresh business Hema, also launched a listing plan, will be completed in the next six to 12 months.Ali International Digital Commercial Group has also launched external financing to support its rapid expansion in the global market.
In March this year, Alibaba announced that it plans to split this large group into six independent companies to fully implement the management of holding companies.The Wall Street Journal said that this means that the business empire created by Alibaba founder Ma Yun for more than 20 years has actually been scattered.
Caixin.com reported on Friday (May 19) that Alibaba Group's positioning has changed from a group company engaged in business operations to a group holding company engaged in capital management.At the same time, Ali also announced in the latest announcement that the establishment of a compliance and risk management committee and the capital management committee to adapt to the group's new role positioning as the holding company.
The latest financial report data shows that Alibaba's revenue in the fourth quarter was RMB 208.2 billion (S $ 39.986 million), a year -on -year increase of 2%, basically in line with market expectations.
