Alibaba to Restructure as Six Separate Companies
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Alibaba Group Holding Ltd. has announced a restructuring plan that will split its global and domestic e-commerce businesses into two separate units, creating 25 business units in total.
The restructuring plan is aimed at better agility and strengthening its control over its various business arms[1]. The company has appointed a new chief financial officer as part of the restructuring[4]. Alibaba's revenue growth has flatlined for the first time in its history, showing how China's COVID lockdowns have hit its business
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