Alibaba founder Jack Ma, one of China’s top billionaires, has returned home. Along with this, he has also presented a new plan for Alibaba Group to raise funds and make the business smooth. Different businesses of Alibaba Group are now going to be divided into 6 pieces.
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Alibaba Group, one of the largest business houses of the new generation in China, is now going to split into 6 different companies. Recently Jack Ma, the founder of Alibaba Group, has returned to China. With this, he has made a plan to divide the business of Alibaba Group to make it systematic.
Let us tell that Jack Ma had not appeared in China for almost a year. After leaving China in 2021, he spent most of his time in Australia, Japan and Thailand. Immediately after his return to China, the shares of Alibaba Group have also registered an increase.
Alibaba’s business will be different
According to Reuters news, this will be the first time in the 24-year history of Alibaba Group, when the business of the group is going to be divided. Alibaba Group is going to divide its media, entertainment, digital commerce and logistics and other works into 6 different companies.
The company’s business will be divided into different businesses such as Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital Commerce Group and Digital Media & Entertainment Group.