Hong Kong | Alibaba Group’s overhaul could serve as a template for a restructuring of China tech itself: a shake-up that achieves Beijing’s aim of carving up the country’s tech titans while unlocking potentially billions of dollars in pent-up shareholder value.
China’s online commerce leader surprised markets by announcing on Tuesday plans to split its $US220 billion ($328.5 billion) empire into six units that will individually raise funds and explore initial public offerings.
