Alibaba Group Holding Ltd. outlined timetables for several key business units to complete spinoffs or pursue independent share sales, kicking off major moves in a sweeping reorganization to break up the gigantic conglomerate and unleash new growth momentum. Alibaba's board of directors approved a full spinoff of its cloud services division while exploring initial public offerings for the logistics and grocery arms, the company said Thursday.

https://www.caixinglobal.com/2023-05-19/alibaba-kicks-off-overhaul-with-spinoff-and-share-sale-targets-102056974.html

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