Internet giant Alibaba to be split into six companies
After Jack Ma, founder of Alibaba, reappeared from nowhere, there is a lot of trouble around the Chinese counterpart to Amazon. Just after his reappearance, it became known that the tech company is to be split into six individual companies. Investors are apparently delighted with the strategic move.
The Alibaba Group is being created
The gigantic Alibaba company is now to become the Alibaba Group. In the course of this, the group will be divided into six individual companies. This was announced by Daniel Zhang, CEO of Alibaba, to the staff. The reason he gave was to achieve more entrepreneurial flexibility. In addition, internal company decisions should be made faster and easier. The corresponding letter to Alibaba employees has now Reuters itself can quote. The split of the Internet giant will create six individual companies in the form of Cloud Intelligence, Taobao Tmall Commerce, Local Services, Cainiao Smart Logistics, Global Digital Commerce and Digital Media and Entertainment.
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Whether employees will be happy about the move is anyone’s guess. After all, such restructuring is usually accompanied by cuts. What is certain, however, is that investors are very pleased with the decision. After all, Alibaba was able to record a nine percent increase in value on the stock market. And this is not likely to be the end of the story for a long time if the newly founded Alibaba Group has its way. After all, five of the newly formed companies are also to go public for their part. That should make for pleasing figures on the part of investors.
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Measure forced by government?
A number of question marks hover over the decision. The biggest of these is certainly the question of “why”? Here one will have to assume that collusion between the government and Jack Ma, the founder of Alibaba, took place in advance. After all, the group’s market power has always been a thorn in the side of China’s political leadership. It is possible that both sides agreed that Ma could return to China without consequences if he split Alibaba into its individual companies. However, this is just speculation. Whether we will learn a true reason at some point is written in the stars.
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