Alibaba Group is planning to split its business into six main units covering e-commerce, media and the cloud, the e-commerce giant said on Tuesday, adding that each of the units will explore fundraising or IPOs.
The six units will include Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital Commerce Group and Digital Media and Entertainment Group, it said, adding that each of the six units will be managed by its own CEO and board of directors.
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