SHANGHAI/HONG KONG -Alibaba Group's breakup into separate companies will allow its business units to become more agile and eventually list on their own, the tech conglomerate's chief executive Daniel Zhang said on Thursday. Zhang's comments come two days after Alibaba announced its largest restructuring in the company's history, which will see it change into a holding company structure with six business units, each with their own boards and CEOs. 'Alibaba will be more of the nature of an asset and capital operator than a business operator, in relation to the business group companies,' he told investors on a conference call.

https://business.inquirer.net/393768/alibaba-to-decide-on-control-over-new-business-units-after-ipos

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