Alibaba mentioned Tuesday it should cut up its firm into six enterprise teams, every with the flexibility to boost exterior funding and go public.
It’s the most vital reorganization within the Chinese language e-commerce big’s historical past.
Alibaba mentioned in an announcement that the transfer is “designed to unlock shareholder worth and foster market competitiveness.”
Alibaba’s shares popped greater than 9% in pre-market commerce within the U.S.
https://www.cnbc.com/2023/03/28/alibaba-says-it-will-split-into-6-units-that-can-raise-funds-and-ipo.html
Should not this be dangerous information? Why inventory goes up?