Alibaba plans to divide into six major businesses, which may improve its cheap valuation and reduce regulatory pressure.
Goldman Sachs has increased its target price and expects the restructuring to lead to several IPOs. Alibaba’s CEO said the restructuring will help the units respond quickly to the market amid intense competition.
Read More: https://www.thestandard.com.hk/section-news/section/2/251171/Alibaba-break-up-will-unlock-value,-cut-risk
