Alibaba.com logo on the wall of the server room. Editorial 3D rendering
ID 116498071 © Alexey Novikov | Dreamstime.com

REUTERS reports:

Alibaba Group (9988.HK) plans to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as China vows to ease a sweeping regulatory crackdown and support its private enterprises.

The U.S.-listed shares of the Chinese e-commerce conglomerate, which have lost nearly 70% of their value since the curbs started in late 2020, rose nearly 9% ...

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